Cyprus Deal Protects Smaller Depositors

Cyprus struck a last-minute bailout deal in the early hours of Monday morning, aimed at preventing the island becoming the first country forced out of the single European currency. The deal spares all amounts in bank accounts below  €100,000. Bank of Cyprus faces huge restructuring. No bailout money will be used to the recapitalise the […]
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Cyprus Drops Tax on Savings – But What Happens Now?

The banking crisis in Cyprus continues – with banks there staying closed until at least next Tuesday .  Original plans to levy a tax of upto 9.9% on deposit accounts have been dropped after a vote in Parliament. The ECB has  threatened to withdraw support for the country’s banking sector if a bailout is not […]
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