Gary Jenkins of Deutsche Bank points out that, historically, investors have been overpaid for the default risk on high-quality corporate bonds.

ECONOMIST: Buttonwood: Premium bonds | The

"In the medium term the decision taken regarding the loss on bank deposits could have major ramifications for the eurozone if the European debt crisis re-escalates, " said Gary Jenkins, managing director of Swordfish Research.

NPR: Cyprus Deposit Tax Rattles Markets

Poyet has already held talks with Swansea chairman Huw Jenkins, as has Sheffield United player coach Gary Speed and former Watford manager Aidy Boothroyd.

BBC: Poyet keen on vacant Swansea job