The forced withdrawal on accounts and deposits of Cypriot banks, established in Brussels as part of the country's rescue plan, could have negative consequences for the ratings of European banks. This was written by Moody's analysts, adding that problems could arise "not only for savers in Cyprus but also for bank creditors in other European countries, at the same time increasing the risk of capital flight from other countries in difficulty 'Eurozone'.
The decision on the forced withdrawal, according to Moody's, is a unique case in the scenario of the bailout plans. “The direct consequences of the levy should remain limited but it is a turning point at the level of European policies – wrote the analysts – The decision has taken an important step to limit, or even eliminate, the systemic protection of bank creditors throughout Europe. In this way, European policy makers show that they are willing to risk greater turbulence on the financial markets in the pursuit of political objectives”.
On the eve of the crucial session of the Cyprus Parliament (which twice postponed its vote on the European bailout plan), it was learned that the island's banks will remain closed until Thursday. This was announced by a source at the central bank.
