In Cyprus, a Tax on Savings Accounts Causes Banking Crisis
In Cyprus, a Tax on Savings Accounts Causes Banking Crisis
Program:
Episode: In Cyprus, a Tax on Savings Accounts Causes Banking Crisis
The small island of Cyprus is facing a crippling banking crisis. A tax on savings account has caused the country to file for a bailout. Citizens saw a 6-9% decrease in their individual savings accounts.This has sparked protests and outrage from residents. For more, Emma Murphy of Independent Television News reports from Nicosia.
Duration: (2:38)
Episode Expires: Wed 17 Apr 2013
TV Rating: E
This video has expired and is no longer available for online streaming.
