Lawmakers have yet to decide on whether to impose thecontroversial levy on bank deposits that sparked massive publicdiscontent and fears among foreign investors, most of themRussians.Nicosia introduced emergency legislation in the parliament lateon Thursday to secure a bailout package from the internationallenders as the island nation verges on bankruptcy.The nine bills presented include plans to recapitalize itsbanking sector, eight times the size of Cyprus’ €17 billioneconomy, and lay losses on big depositors.On Monday Cyprus will still need to reach a deal with theeurozone and the International Monetary Fund before the ECB carriesout its threat to withdraw liquidity support. … Read More
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