Bank Depositors Will Help Pay for Bailout in Cyprus

The Takeaway

European regulators approved a bailout over the weekend, but with controversial conditions. They decided to make bank depositors in the politically troubled  Mediterranean  Island nation to pay for part of a $13 billion bailout.
Cyprus’s parliament votes on the measure Tuesday night. Leaders in Cyprus are looking for wiggle room with E.U. bailout negotiators before then. Will depositors with less money in the bank be protected?
Liz Alderman  is the chief European business correspondent for the International Herald Tribune and our partner The New York Times.  Vasso Vassiliou  is the president of the Cyprus United States Chamber of Commerce.

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