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    Cyprus rejects Eurogroup's savings levy and bailout deal

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    euronews (in English)

    by euronews (in English)

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    The Cypriot parliament has rejected the EU/IMF bailout for the country's banks.

    Support for the deal, which would have involved a one-off charge on all deposit accounts in the country, ebbed away almost as soon as it was announced on Saturday at the Eurogroup meeting.

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