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updated: 3/18/2013 4:33 PM

Cypriot deposits grab shocks savers across Europe

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  • Children by a protest banner held by protestors outside of the parliament during a crucial meeting in capital Nicosia, Cyprus, Monday. Cyprus' president is briefing lawmakers ahead of a crucial parliamentary vote.

      Children by a protest banner held by protestors outside of the parliament during a crucial meeting in capital Nicosia, Cyprus, Monday. Cyprus' president is briefing lawmakers ahead of a crucial parliamentary vote.
    Associated Press

  • This is the Bank of Cyprus branch in London. Cyprus may agree to demanding that all bank customers pay a one-off levy on all bank deposits to save the country from bankruptcy.

      This is the Bank of Cyprus branch in London. Cyprus may agree to demanding that all bank customers pay a one-off levy on all bank deposits to save the country from bankruptcy.
    Associated Press

 
Associated Press

A plan to seize up to 10 percent of people's savings in the small mediterranean island nation of cyprus sent shockwaves across europe on monday as households realized the money they have in the bank may not be safe.

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