Euro zone finance ministers agree on Cyprus bailout

Author: Eamonn Sheridan | Category: News
  • 10 billion-euro rescue plan for Cyprus
  • Levy on bank deposits to raise almost 6 bln euros
  • The deposit levy is set at 9.9 percent on bank deposits greater than 100,000 euros
  • Set at 6.7 percent on anything below that
  • Takes effect on Tuesday after a bank holiday on Monday

More:

Cyprus Bank Deposits to Be Taxed in $13 Billion Bailout

Savers bear brunt of unprecedented Cyprus bailout

Cypriots stunned by forced savings cuts

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