E.U. Bailout Tax Sparks Bank Run In Cyprus | WAMU 88.5 - American University Radio

E.U. Bailout Tax Sparks Bank Run In Cyprus

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Citizens of Cyprus did not react well to the news that their government wants to allow the E.U. to take nearly 10 percent of their savings deposits in exchange for a $13 billion bailout. Banks are closed through Tuesday after worries over bank runs. Depositors stood in long lines to withdraw money over the weekend.
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