Cyprus works on last-minute deal to soften bank levy

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[URL="http://l2.yimg.com/bt/api/res/1.2/7pBPvlbPrRu1sRwQNaYc5w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-03-17T211054Z_7_CBRE92G0VST00_RTROPTP_2_CNEWS-US-CYPRUS-PARLIAMENT.JPG"] [/URL]By Michele Kambas NICOSIA (Reuters) - Cyprus was working on a last-minute proposal to soften the impact on smaller savers of a bank deposit levy after a parliamentary vote on the measure central to a bailout was postponed until Monday, a source said. In a radical departure from previous aid packages, euro zone finance ministers want Cyprus savers to forfeit a portion of their deposits in return for a 10 billion euro ($13 billion) bailout for the island, which has been financially crippled by its exposure to neighboring Greece. ...




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