A small island sets a big precedent

Sherwood, Matthew
April 2013
Money Management;4/18/2013, Vol. 27 Issue 14, p22
Trade Publication
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.


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