Cyprus Finance Ministry Suggests Exempting Bank Holders with Small Accounts from Levy
- OurStudio
- Mar 19, 2013
- 1 min read
The Cyprus finance ministry suggests savers holding less than 20,000 euros (£17,000) would be exempt from a bank levy which has caused much alarm.
The plan was changed following outrage that ordinary savers would be forced to pay a levy of 6.75%.
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