Events in Cyprus have caused doubts in the minds of those who have substantial deposits in banks elsewhere. For example, if Spain was to request a bailout, would the same conditions be applied meaning that savers would lose money.
Mariano Rajoy, in a joint conference with François Hollande on Tuesday was at pains to point out that this could not happen in Spain. Both the leaders stated that the 'guarantee of deposits is irrevocable'.
The main difference between Cyprus and other members of the Economic Union is that many of the savers on the island are not from the European Union.