ECB says first Cyprus bailout plan 'not smart'
Now goes the "hand-washing". Listening to them nobody wanted to take money from depositors. The proposal just appeared from the thin air (magic) 
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The initial plan to make small savers pay for the Cyprus bailout was "not smart", the European Central Bank (ECB) president has said.
ECB president Mario Draghi said a proposal to make "insured depositors" pay did not come from the ECB, the European Commission or the IMF.
He said the proposal only arose in talks with the Cypriot authorities, and was "swiftly corrected".
He was speaking after the ECB held eurozone interest rates at 0.75% again.
It was the ninth month in a row that they had been kept unchanged, but Mr Draghi indicated that the bank was ready to act, if necessary.
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