Bailout For Cypress News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Indkigs where they will go but we will have a decision sometime between now and june. jon? jon: it will be fascinating. thanks very much. shannon bream, supreme court. reporter: you got it. jenna: tiny country with potentially a huge impact on the global markets with news of a bailout for cypress. the deal is set to be voted on tomorrow. it includes having the average citizen pay a tax on their bank deposits whether they wanted to or not. they would take that from the savings accounts. this is the first time we ve seen a eurozone bailout structured in such a way. if it passes. if it doesn t, cypress says it will grow bankrupt. right now minimal effects on our markets here at home. but the dow is trading lower. here is background on cypress. it is at the eastern end. mediterranean sea, 30 miles south of turkey. you see it on the map. it is a very small country, smaller than the state of hawaii. its population of a little more than a million people is roughly the city of dallas. its gr ....

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