Finnish PM: biggest Cyprus depositors must take responsibility

Published March 22, 2013

| Reuters

SAARISELKA – Finnish Prime Minister Jyrki Katainen said on Friday it was "fair and right" that a solution to the Cyprus crisis should include a greater burden on holders of big bank deposits.

"In a normal market economy an investor always has a risk of losing money," he told reporters on the sidelines of a meeting of European policymakers in Lapland, as markets awaited a Cyprus deal to raise billions of euros and unlock a bailout from the European Union.

"That's why I think it's fair and right, and also part of a normal market economy, that owners of a bank, investors, and biggest depositors - who can be seen as investors - take their own responsibility, in one way or another."

(Reporting by Ritsuko Ando; editing by Ron Askew)

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