Today: RTÉ News - Large Cypriot depositors may face 40% cut, Mar 26, 2013

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Mar 26, 2013

RTÉ News - Large Cypriot depositors may face 40% cut, Mar 26, 2013

Cypriot banks will remain closed until Thursday
"Cyprus's Finance Minister Michael Sarris has said big depositors in Cypriot banks could lose about 40% of their deposits as part of a €10 billion international rescue plan. "It could be in that neighbourhood but I do not want to anticipate it," Mr Sarris told BBC radio, adding the exact figure was yet to be decided. "But what I have seen suggests a number in that neighbourhood.""
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