Cyprus Bailout's Harsh Terms for Depositors Spark ATM Runs, Out...

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Cyprus: Bailouts? Been there. Bank runs? Done that. But the European rescue package for this Mediterranean island has introduced a cruel twist: Making depositors pay. All depositors. The proposed one-time "stability levy" would not only take 9.9% out of uninsured deposits above 100,000 euros, but also 6.75% of insured deposits below that threshold, no matter how small the savings. This detail sparked panic, as Cypriots queued up at ATMs over the weekend...