Need for Cyprus Financial Bailout Sparks Protests, Worries Europe

The World on March 18, 2013 21:09

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    Cyprus, like its Mediterranean neighbor Greece, needs a financial bailout. But a plan by the European Union to partially pay for the bailout with a tax of up to 10 percent on customers' bank deposits sparked protests and a run on ATMs in Cyprus. And that's got the rest of Europe worried about contagion.

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