Cyprus Closes Banks To Stop Run Amid Fury Over Bailout -- The Guardian
Eurozone finance ministers hold emergency talks as vote on aid package in Cyprus parliament is delayed for second day
Cyprus took the unprecedented step on Monday of closing its banks until Thursday as officials scrambled to renegotiate the terms of a controversial bailout that threatens to force savers to take a €5.8bn (£5bn) hit to their deposits.
Finance ministers from the 17-country eurozone held an emergency video conference call and concluded that small depositors should not be hit as hard as others. They said the Cypriot authorities could stagger the deposit seizures, but remained firm in demanding that the overall sum of money raised remained the same. Cyprus state media said accounts with less than €20,000 may be spared.
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More News On The Bank Crisis In Cyprus
Cyprus bailout: vote delayed as politicians scramble to change savings levy - live. -- The Guardian
Cyprus bailout - live -- The Telegraph
Cyprus reworks divisive bank tax, delays vote -- Reuters
Cyprus heads for cliffhanger parliamentary vote on deposits tax -- Reuters
Cyprus Postpones Debate on Deposit-Tax Proposal -- Wall Street Journal
Cyprus delays vote on tax raid on savings -- AP
Cyprus Delays Vote on Bailout Plan -- New York Times
Cyprus to Put Forward New Bailout Plan: Reports -- CNBC
Cypriot Outrage Over Tax Could Derail Euro-Area Bailout -- Bloomberg Businessweek
German parties slam Cyprus deal, Schaeuble deflects blame -- Reuters
Russia Denounces Proposed Cyprus Bank Tax -- Wall Street Journal
Eurozone ministers urge Cyprus to shield small savers. -- BBC
Savings account seizure plan draws fury in Cyprus. -- Yahoo News
Cyprus banks will stay closed until Thursday. -- BBC
U.S. Treasury Calls for Responsible and Fair Cyprus Solution -- Bloomberg Businessweek
Resistance in Cyprus Grows to Europe’s Bailout Plan -- New York Times
Euro zone urges Cyprus to spare smaller savers from bank levy -- Reuters
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