Richard Quest takes on the Minister and this was almost 2 years ago. Watch from 01:50 and after to see what happened and who wanted to haircut the deposits in Cyprus QUEST: Soon, OK. The whole -- the whole fiasco of the first plan that was put forward, Mario Draghi, youll be aware today -- we can listen to what he said at his press conference -- Mario Draghi made it clear that the original idea to bail in all depositors was a very bad idea, not a smart idea. Lets listen to what the ECB president said. MARIO DRAGHI, PRESIDENT, EUROPEAN CENTRAL BANK: That was not smart. To say the least. And it was quickly corrected the day after in a euro group teleconference. So, thats past. QUEST: So, the ECB says it wasnt them. The Commission says it wasnt them. The euro group says it wasnt them. Was it the Cypriot government who thought it was a smart idea to bail in everyone?
Posted on: Fri, 26 Dec 2014 12:59:19 +0000
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