EU admits errors over Cyprus but backs bail-in plan

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Jeroen Dijsselbloem, the new chairman of the Eurogroup of finance ministers, has backed the plan for a savers raid to rescue Cypriot banks, but underestimated the the extent of outrage and instability caused.
However, Dijsselbloem continued to stress the danger to Cypriot banks:
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http://www.euronews.net/

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