Cypriot lawmakers may shoot down an unprecedented levy on bank deposits, risking the island's membership in the euro.
The “feeling I'm having is that the house is going to reject it because they feel and think it isn't just and that it's against the interest of Cyprus,” Cypriot President Nicos Anastasiades told Sweden's TV4 channel in an interview today.
The Mediterranean island nation's banks and stock exchange will remain closed at least until March 21 amid speculation lawmakers may postpone the vote that's planned for later today. The 5.8 billion-euro ($7.5 billion) raid on bank accounts, intended to cut the cost of a rescue package to 10 billion euros, sparked outrage when Cypriots woke March 16 after marathon talks in Brussels to find bank transfers blocked.
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