World | Economy

The Ripple Effects Of Cyprus' Financial Crisis

NPR | March 19, 2013 11:42 a.m. | Updated: March 20, 2013 9:29 a.m.

Tuesday’s vote in Cyprus on a $13 billion bailout package also decides the fate of a controversial tax on bank deposits. The package includes a 10 percent levy on large deposits, and a 7 percent tax on smaller ones. NPR’s Marilyn Geewax explains how the events in Cyprus could affect the global economy.


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