TITLE

A small island sets a big precedent

AUTHOR(S)
Sherwood, Matthew
PUB. DATE
April 2013
SOURCE
Money Management;4/18/2013, Vol. 27 Issue 14, p22
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a plan to finance a bailout program in Cyprus through taxation of bank deposits and the responses by several concerned people, from Cypriot residents to Russian President Vladimir Putin. Topics include the comparison of deposit levy with currency depreciation, the condition of the banking industry in Europe, and the implications of the plan on global deposit holders.
ACCESSION #
87455592

 

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