NEW YORK (Reuters) - Stocks fell on Monday as initial optimism over a bailout for Cyprus gave way to investor worries that the euro zone would shift the burden of aiding weak banks to depositors, bondholders and others instead of to governments and taxpayers.
The Cyprus deal was previously called a one-time solution to debt problems, but investors grew cautious after Jeroen Dijsselbloem, who heads the Eurogroup of euro zone finance ministers, told Reuters and the Financial Times that the Cyprus bailout deal could be a new template for resolving euro zone banking problems.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.