Europe
2:37 pm
Mon March 18, 2013

Confidence In Cyprus Banks Falters As Government Proposes Deposit Tax

Originally published on Mon March 18, 2013 3:54 pm

Cyprus is facing a run on its banks after the government proposed taxing bank deposits. The government has put off a vote on the plan in a bid to calm things down. Banks are set to re-open on Thursday after a bank holiday was declared on Monday.