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Pisani: Taxing Bank Accounts a Bad Precedent

Monday, 18 Mar 2013 | 11:00 AM ET

CNBC's Bob Pisani discusses Cyprus, saying that taxing deposits sets a bad precedent, but the EU has built in all manner of support mechanisms to help out the banks. The problem, he says, is that it will strengthen the anti-austerity crowd. Second, he says it will make it more difficult to create a single European banking union.