Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Cyprus is "A unique exceptional case" : Rajoy

Source: Reuters - Tue 26th Mar 2013
Cyprus is 'A unique exceptional case' : Rajoy

Spain's Prime Minister Mariano Rajoy on Tuesday said a European bailout for Cyprus which imposed losses for depositors was a unique and exceptional case which should not be replicated in other countries.

At a joint presser with French president Francois Hollande, Rajoy also said it was important to stick to the agreed calendar for the creation of a banking union in Europe.

"This is an exceptional and unique case, which is being exceptionally applied to Cyprus," he told journalists.

"Spain will defend that we agree in June on a system for a European recapitalisation of banks and in December for a guarantee for deposits and a single resolution system."