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Nor is he convinced it will be safer to bank in any other euro zone country.
It is true that no other euro zone country is in as bad a position.
"We will go there to convince them that a euro zone country is falling apart," he said.
If confirmed by the lenders, Cyprus will become the fourth euro zone country to request a sovereign rescue.
In May 2011, Portugal became the third euro zone country, after Greece and Ireland, to negotiate an international bailout.
Practically every euro zone country is paying the price in higher interest costs and ebbing economic growth.
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Firms in Italy lost market share faster than in any other big euro-zone country.
Any euro-zone country reporting a deficit above 3% of GDP risks a huge fine.
Italy, it argued, was now the euro-zone country most likely to follow Greece into turmoil.
When a euro-zone country falls short on reform, will the central bank stop buying its bonds?
If a messy default is forced upon a euro-zone country, it might be tempted to reinvent its own currency.
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