Reuters: Business News: Cyprus weighs big bank levy; bailout goes down to wire

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Cyprus weighs big bank levy; bailout goes down to wire Mar 24th 2013, 00:15 NICOSIA (Reuters) - Cyprus conceded on Saturday to a one-off levy on deposits over 100,000 euros in a dramatic U-turn as it raced to satisfy European partners and seal an 11th-hour bailout deal to avert financial collapse.

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