TITLE

Cyprus proposes to exempt savers with €20,000 or less from levy

AUTHOR(S)
Morris, Pamela
PUB. DATE
March 2013
SOURCE
Fundweb;3/19/2013, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on a new proposal by the Cyprus finance ministry that will exempt bank depositors with savings less from a levy. It states that the levy is a part of a condition that will enable Cyprus to receive a loan from the European Union (EU) and International Monetary Fund (IMF). It reveals that the loan is an effort to bailout the banks of the country.
ACCESSION #
86374229

 

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