Cyprus will oppose forcing losses on uninsured depositors to rescue the country's banking system.<br /><br />Cypriot finance minister Vassos Shiarly responded to a report in Monday's Financial Times by saying: <br />"We do not accept, nor are we discussing, nor can we ever accept this. We categorically state that such a move would be illegal under Cypriot law and, I believe under European law."<br /><br />...<br />http://www.euronews.net/