Based on Cyprus....If Spain needs assistance or a bailout??? What levy will the ECB impose??
Markets respond to Cyprus bailout deal
Extracts
"European and US stock markets ended lower as the downsides to investors from the Cypriot bailout sank in."
"The Dutch finance minister, who heads the EU finance ministers group, said this could be a template for future bailouts, and since he said that markets have fallen very sharply, particularly banking stocks in Europe, because if you're an Italian or a Spaniard you are now going to worry that your bank savings aren't safe if your bank needs a bailout," he said."
"The falls were much sharper on the continent - Spain's IBEX was the worst, dropping 2.3 per cent."
