Cyprus should protect small savers from levy, Eurogroup says

Euro-zone finance ministers say a levy on bank accounts is "the best way to guarantee a prosperous future for Cyprus" but that small savers should be protected. "Cyprus would have faced scenarios that would have left deposit holders significantly worse off," the ministers said. Eurogroup President Jeroen Dijsselbloem says the Cypriot government has authority to modify the levy so it falls "progressively".

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Deutsche Welle (Germany) · European Voice (Brussels) (free registration) · Kathimerini (Greece)

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