WAMU 88.5 - American University Radio | The Mind Is Our Medium
Now Playing

Cyprus's Lawmakers Reject Bank Deposit Tax, Tangling Bailout Negotiations

In Cyprus, the parliament is wrestling with a European Union-imposed plan that would seize at least 10 percent of the bank savings of wealthy people and possibly 7 percent from everyone else, to help defray the cost of bailing out Cypriot banks. On Tuesday, lawmakers voted against a modified version of the plan.