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In the case of banks, that should be allowed to happen, too, with only the depositors being protected.
This led to Greek depositors' being treated much better than their Cypriot counterparts — a type of discrimination that would not happen in a proper banking union.
In his first speech as president, Anastasiades angrily rejected the idea of Cypriot bank shareholders and depositors being made to pay the price of any rescue programme for the country.
Similar(57)
Still, some depositors are taking no chances.
In this case, the depositors are banks.
The depositors are paid out of the bank's assets.
Depositors are safe, so there are no bank runs.
Shouldn't depositors be represented in robust class action suits?
Social Security checks for depositors were sent to SunTrust Bank.
Among the depositors were many prominent Islamic politicians.
Depositors are asked not to call the bank.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com