Monday, July 29, 2013

BANK OF CYPRUS DEPOSITORS LOSE 47.5 PCT OF SAVINGS

News from The Associated Press:
"Depositors at bailed-out Cyprus' largest bank will lose 47.5 percent of their savings exceeding 100,000 euros ($132,000), the government said Monday.
The figure comes four months after Cyprus agreed on a 23 billion-euro ($30.5 billion) rescue package with its euro partners and the International Monetary Fund. "

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