Written by Reuters By Jeff Wilson and Elizabeth Campbell - Apr 3, 2013 Wednesday, 03 April 2013 06:45
Written by Reuters By By Anooja Debnath LONDON | Thu Mar 28, 2013 8:50am EDT Thursday, 28 March 2013 08:03
(Reuters) - The euro fell on Tuesday, with investors nervous ahead of a vote in Cyprus on a controversial bank deposit levy that has fuelled concerns of fresh euro zone instability.
A Cyprus government spokesman said a plan to levy taxes on bank deposits, crucial for the country to secure financial aid, was unlikely to be approved by parliament on Tuesday. That would push the island closer to a default and a banking collapse that could have repercussions across the euro zone.
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