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Cyprus Rejects Bank Deposit Tax, Scuttling Bailout Deal

Tuesday, March 19, 2013 - 4:12 PM
From the NYTimes
The Cypriot 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.

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Hopefully, this will end this idea of taxing deposits once and for all.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708