#Whys: Cyprus bailout - Are you worried this could happen to you?

Listen in pop-out player

People in Cyprus have reacted with shock to news on a bailout agreed in Brussels. A one-off levy of up to 10% of their savings will go towards saving their countries economy. The controversial plan, negotiated with the European Union and International Monetary Fund, marks a radical departure from previous eurozone bailouts. Previously, economic support or backing came from other eurozone countries. In the case of Cyprus, cypriots are being asked to bail themselves out.

Available now

55 minutes

Last on

Tue 19 Mar 2013 18:05 GMT
Added. Check out your playlist Dismiss