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A look at Cyprus' decision to tax depositors

Published 03/16/2013, Associated Press

Cyprus' eurozone partners and the IMF agreed early Saturday to bail out Cyprus to the tune of €10 billion ($13 billion) — largely to prop up its flailing banking industry. But the deal, as usual, comes with strings attached. The one causing the most consternation is a levy on bank deposits held in Cypriot accounts. Here's a look at how that will work — and the problems it may pose.

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