NICOSIA (Reuters) - Cyprus's parliament overwhelmingly rejected a proposed levy on savings in banks as a condition for a European bailout on Tuesday, throwing international efforts to rescue the latest casualty of the euro zone debt crisis into disarray.
SYDNEY (Reuters) - Asian shares and the euro struggled on Wednesday after a bailout plan for Cyprus fell into disarray, but losses were limited on investors' hopes that a last minute deal was still within reach. Cyprus's parliament overwhelmingly
In response to backlash over a €10 billion deal that would bailout its banks and impose a financial transaction tax on all depositors, the Cypriot government on Monday postponed a vote to finalize the package until Tuesday,
The bailout plan to tax Cyprus bank savers is a decision fueled by what's good for Germany, Arianna Huffington told CNBC.
In response to backlash over a €10 billion deal that would bailout its banks and impose a financial transaction tax on all depositors, the Cypriot government on Monday postponed a vote to finalize the package until Tuesday,
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