Cyprus is reconsidering whether to tax depositors’ accounts at its troubled banks as the island nation desperately seeks a way to secure a bailout from its European neighbors.

Earlier in the week, the Cypriot parliament overwhelmingly rejected confiscating money from savers. But the deposit tax emerged again Friday as the Cypriot leaders neared a deadline imposed by the country’s international lenders to raise $7.5 billion by Monday or face a cutoff in emergency funding for its … [Read More]

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Source: VOA News: Economy and Finance