Cyprus rescue plan to take more than 60% of biggest bank deposits

03/31/2013 | Reuters · Financial Times (tiered subscription model)

Big bank depositors in Cyprus stand to receive only 37.5% of the value of their accounts under the island nation's bailout plan, the central bank now says. Meanwhile, European leaders hurried to assure investors and depositors that the rescue, which will is likely to end Cyprus' status as a low-tax venue, is a one-of-a-kind event in the eurozone.

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Reuters · Financial Times (tiered subscription model)

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