Buyside sees Cyprus risks, but contagion unlikely
Asian investors dismiss the prospect of a eurozone spillover from the Cyprus bailout, but see penalising depositors as a dangerous precedent that could spark bank runs in the bloc.
Asia’s buy-side has largely dismissed the prospect of eurozone contagion from Cyprus' fraught €10 billion ($13 billion) bailout, seeing a concerted global retreat from risk assets as highly unlikely and any sell-off as short-lived.
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