nytimes.com wrote:The Cyprus Parliament on Tuesday overwhelmingly repudiated a €10 billion international bailout package that would have set an extraordinary precedent by taxing ordinary depositors to pay part of the bill.
Some in the opposition party even suggested abandoning a European Union bailout altogether and appealing to Russia or China to lend Cyprus the funds it needs to keep the economy and its banks afloat. One member of Parliament who was out of the country did not vote.
nbcnews wrote:Banks on the Mediterranean island may never reopen, Germany warned after lawmakers late Tuesday turned down a $12.9 billion deal that would have seen Cypriots lose up to 10 per cent of their bank deposits.
http://worldnews.nbcnews.com/_news/2013 ... eopen?lite
katsung47 wrote:Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke
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