Cyprus Wavers Over Bailout Vote
It makes up just 0.2% of the euro zone economy but the crisis in Cyprus could shake the foundations of the whole bloc. The Cypriot government has now proposed sparing small savers from a divisive tax on bank deposits. But the Cypriot President believes with no party majority parliament is still likely reject a proposed bailout plan. That will leave the tiny island facing default and a banking collapse.
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