Link to video: Cyprus agrees bailout with eurozone ministers
European leaders reached an agreement with Cyprus early on Monday morning that closes down a island’s second-largest bank and inflicts outrageous waste on rich savers.
Those with deposits of reduction than €100,000 (£85,000) will be spared, though Russians with income in Cypriot banks will remove billions of euros underneath draconian terms directed during preventing a Mediterranean taxation breakwater apropos a initial nation forced out of a singular currency.
The understanding is approaching to wreak durability repairs on a Cypriot economy, that has grown reliant on
Read full article: http://www.guardian.co.uk/world/middle-east-live/2013/mar/22/syria-sunni-cleric-killed-bombing-live
Source:
http://www.news.ezonearticle.com/2013/03/25/cyprus-bailout-deal-with-eu-closes-bank-and-seizes-large-deposits/
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