BERLIN, March 18 The situation of Cyprus and the
country's banking sector is unique, European Central Bank board
member Joerg Asmussen said on Monday, responding to fears that
depositors in other countries could also be asked to take a hit.
"I do believe that the situation of Cyprus and the Cypriot
banking sector is indeed unique," Asmussen told a panel
The euro zone struck a deal on Saturday to hand Cyprus a
bailout worth 10 billion euros but demanded depositors in its
banks forfeit some money to stave off bankruptcy despite the
risk of a wider bank run.