Cyprus Rejects Bank Deposit Tax, Scuttling Bailout Deal

BREAKING NEWS Tuesday, March 19, 2013 2:39 PM EDT

Cyprus Rejects Bank Deposit Tax, Scuttling Bailout Deal The Cypriot Parliament rejected an international bailout package on Tuesday that had sought to tax bank depositors to pay a big part of the bill, despite a revision that would have exempted small bank accounts from the levies. READ MORE » http://www.nytimes.com/2013/03/20/business/global/cyprus-set-to-reject-tax-on-bank-deposits.html?hp&emc=na