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Cyprus Parliament Rejects Bank Deposit Tax

  • Aired: 1/20/2013
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Cyprus's parliament Tuesday rejected a controversial bank deposit levy, a precondition for receiving a ‚ 10 billion bailout, effectively tearing up the four-day old loan deal the country had negotiated with European and international creditors that it needed to stave off default and a looming meltdown in its financial sector. Matina Stevis reports.

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