Raid on Cypriot deposits shakes Europeans’ faith in savings

Europeans’ faith in the safety of their savings has been shaken by a levy on Cypriot bank deposits to pay for a bailout, even though there was no sign of a rush to withdraw cash in Madrid or Dublin. People told Reuters they were angered but unsurprised that politicians should dip into citizens’ d…

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Raid on Cypriot deposits shakes Europeans’ faith in savings

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