EU makes bank creditors bear losses as Cyprus bail-in becomes blue-print for rescues

This answers any doubts as to whether depositors will be on the hook when their bank collapses.  Taxpayers funded the last round of bank bailouts.  Depositors will be next.

http://www.telegraph.co.uk/finance/financialcrisis/10145355/EU-makes-bank-creditors-bear-losses-as-Cyprus-bail-in-becomes-blue-print-for-rescues.html