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Cyprus eurozone bailout prompts anger as savers hand over 10% levy

Posted on March 16 2013 by Spectrevision Event-Horizon

"European finance ministers have agreed an £8.7bn bailout for Cyprus which includes all Cypriot bank customers handing over up to 10% of their savings. Cypriots with savings of under €100,000 will pay a one-off levy of 6.75%, which rises to 9.9% for those with larger deposits."

http://www.guardian.co.uk/world/2013/mar/16/cyprus-eurozone-bailout-anger

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