The following video is from Monday's Investor Beat, in which host Chris Hill and analysts Tim Hanson and Jason Moser dissect the hardest-hitting investing stories of the day.
The island-nation of Cyprus has 1 million residents, a GDP of $22 billion, and a banking system that invested heavily in Greek sovereign debt. Over the weekend, EU leaders came up with a plan to bail out the banks in Cyprus. But the plan included the unprecedented move to force ordinary bank customers to pay for the bailout. What does the plan mean for EU banks? What would the plan mean for other distressed EU countries? In this installment of Investor Beat, our analysts discuss what it means for investors.
The relevant video segment can be found between 0:33 and 3:03.