Forex Technical & Market Analysis FXCC Mar 27 2013

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[b]Forex Technical & Market Analysis FXCC Mar 27 2013

European Parliament considers bailing-in large depositors

The euro dropped in the European afternoon on information from Reuters that the European Parliament would be inclined to bail-in big savers, who hold deposits of over 100,000 euros at distressed banks. MEP Gunnar Hokmark, who is taking part in creating a new law aimed at dealing with such banks told Reuters that: "Deposits below 100,000 euros are protected