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2:43pm

Mon March 18, 2013
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Europe

Confidence In Cyprus Banks Falters As Government Proposes Deposit Tax

Originally published on Mon March 18, 2013 3:54 pm

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Cyprus is facing a run on its banks after the government proposed taxing bank deposits. The government has put off a vote on the plan in a bid to calm things down. Banks are set to re-open on Thursday after a bank holiday was declared on Monday.

Tags: 
Cyprus
European Union (EU)
Banking
Debt Crisis
Europe

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