Cyprus reworks divisive bank tax, delays vote

By Michele Kambas and Karolina Tagaris

NICOSIA |
Mon Mar 18, 2013 12:45pm EDT

NICOSIA (Reuters) – Cypriot ministers scrambled to correct a devise to seize income from bank deposits before a parliamentary opinion on Tuesday that will possibly secure a island’s financial rescue or bluster a default.

The weekend proclamation that Cyprus would levy a taxation on bank accounts as partial of a 10 billion euro ($13 billion) bailout by a European Union pennyless with prior use that depositors’ assets were sacrosanct. The euro and batch markets fell on regard a euro section predicament was reigniting.

Before Tuesday’s vote, that is too close

Read full article: http://www.independent.co.uk/arts-entertainment/tv/features/michael-grade-bbc-television-centre-was-state-of-the-art-but-its-way-past-its-sellby-date-8538147.html

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Source:
http://www.news.ezonearticle.com/2013/03/18/cyprus-reworks-divisive-bank-tax-delays-vote/