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Cyprus told: take bank levy or leave euro

The Guardian - 24 Mar 2013 23:11
Cyprus told: take bank levy or leave euro President, eurozone finance ministers and bailout troika hold emergency meeting as €100 limit imposed on ATM withdrawals Wealthy Russians stand to lose billions of euros in Cypriot banks under draconian terms being hammered out on Sunday night in Brussels to prevent the Mediterranean tax haven becoming the first country forced out of the single currency. Negotiations got underway amid a hardening of the stance held by the International Monetary Fund and Germany, who insisted that depositor...
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