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WN: Cyprus Makes Plan to Seize Portion of High-Level Deposits - NY Ti


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With Cyprus facing a Monday deadline to avoid a banking collapse, the government and its international negotiators devised a plan late Saturday to seize a portion of savers' deposits above 100,000 euros at all banks in the country, in a bid to raise money for an urgently needed bailout.

http://www.worthynews.com/top/nytimes-com-2013-03-24-business-global-cyprus-makes-fitful-progress-on-bank-bailout-deal-html-_r-0/

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