Monday, March 18, 2013

Cyprus' Unprecedented Bailout: More Common Than You Think

The Motley Fool
My Fool Daily
MARCH 18, 2013
HEADLINE OF THE DAY
Cyprus' Unprecedented Bailout: More Common Than You Think
The tiny nation of Cyprus was bailed out by its eurozone partners and the IMF this weekend. A bailout's pretty common these days. But there was something different about Cyprus' bailout that sent shivers through the global banking system. Deposit holders in Cyprus banks are being forced to pay for part of the deal.
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