Cypriot Leader Predicting Defeat for Deposit-Tax Bailout Deal

The Cypriot president is predicting the island nation’s parliament will reject a bailout plan demanded by international lenders that calls for taxing the savings accounts of depositors at the country’s banks.

Nicos Anastasiades, who won election last month, told reporters Tuesday that lawmakers do not think the tax is fair.

“The feeling I’m having is that the house is going to reject the bill.” (Reporter asking: Why is that?) “Because they feel and they think … [Read More]

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Source: VOA News: Economy and Finance


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