Why European depositors are at risk of further losses

Here is a direct video link.

“If the ECB’s toolkit can’t save a country that accounts for 0.2 percent of the euro area’s gross domestic product, then how will it provide meaningful support when financial or fiscal difficulties emerge in larger countries such as Spain and Italy? This question should be keeping investors up at night, because it’s a given that such difficulties will arise — the only question is when.”

See: Cyprus shows trust in ECB is misplaced