Cyprus Rejects Deposit Levy in Blow to European Bailout Plan

Cyprus’s parliament rejected an unprecedented levy on bank deposits, dealing a blow to European plans to force depositors to shoulder part of the country’s rescue in a standoff that risks renewed tumult in the euro area. Protestors cheered outside the parliament in the Cypriot capital, Nicosia, …

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Cyprus Rejects Deposit Levy in Blow to European Bailout Plan