Britons hit by Cyprus bank bailout

Press Association
Laiki Bank
Laiki Bank

Britons with bank accounts in Cyprus face a hit on their finances following a bailout agreement with international creditors that includes a levy on all the country's bank accounts.


Lines formed at many ATMs as people scrambled to pull their money out after word that the £10 billion rescue package Cyprus agreed with its euro area partners and the International Monetary Fund included one-off levy on deposits - an unprecedented step in the eurozone crisis.
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