German Finance Minister Wolfgang Schaeuble has said savings accounts in the euro zone are safe, adding that Cyprus is a "special case" and not a template for future rescues.If you believe a German Finance minister right now, I have a bridge in Brooklyn that I want to sell you.
In an interview with Bild newspaper published on Saturday, Schaeuble distanced himself from comments on Monday by Eurogroup chairman Jeroen Dijsselbloem, who said the rescue programme agreed for Cyprus - the first to impose a levy on bank deposits - would serve as a model for future crises.
"Cyprus is and will remain a special one-off case," Schaeuble said.
"The savings accounts in Europe are safe."
Just a "special case." Yeah…Sure.
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