CNN CNN Newsroom March 18, 2013 13:15:00
Country of cyprus, the latest country that needs a bailout. but this will be watched very closely because there is a condition to get its $13 billion bailout, that's controversial, if it pass, those who have bank accounts would be taxed one time on their deposits. so if someone has an account with $129,000 or less, they would have to fork over almost $9,000. that's a 6.7% tax. people who live there as you can imagine, they're really nervous about this tax. over the weekend, many rushed to withdraw their money out of the bank. this is what's unnerving the markets right now. about 15 minutes bef...
Source: archive.org