Investors fear that the plan to impose losses on bondholders and some depositors could be repeated in other countries, dispelling the notion that the approach in Cyprus was a one-off solution, and raising concerns over a loss of confidence indepositsheld by banksin Europe's peripheral countries.
Some 18 per cent of the depositsheldin Cypriot banks by residents of other eurozone countries were pulled out in February, according to figures from the Central Bank of Cyprus.
Some 18 per cent of the depositsheldin Cypriot banks by residents of other eurozone countries were pulled out in February, according to figures published on Thursday by the Central Bank of Cyprus.