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chemgear · 03-24-2013, 08:52 PM

http://www.bbc.co.uk/news/world-europe-21916102

Eurozone finance ministers have agreed a deal on a 10bn-euro bailout for Cyprus to prevent its banking system collapsing and keep the country in the eurozone.

Reports suggest the deal will include a levy on deposits of more than 100,000 euros in Cyprus's two biggest banks.

The levy on deposits in Laiki (Popular) Bank - the country's second-biggest - could be as high as 40%, reports say.

03-24-2013, 08:52 PM	#181
chemgear Franchise Player Join Date: Feb 2010 Exp:	http://www.bbc.co.uk/news/world-europe-21916102 Eurozone finance ministers have agreed a deal on a 10bn-euro bailout for Cyprus to prevent its banking system collapsing and keep the country in the eurozone. Reports suggest the deal will include a levy on deposits of more than 100,000 euros in Cyprus's two biggest banks. The levy on deposits in Laiki (Popular) Bank - the country's second-biggest - could be as high as 40%, reports say.