Middle East

March 26, 2013

In Cyprus financial crisis, even Orthodox Church likely to lose millions

Cyprus, a palm-fringed island in the Mediterranean Sea, has long held three distinctions. Now it has another: It’s the only place in the continuing euro currency crisis in which the government has agreed to force bank account holders to help pay for the rescue of debt-ridden banks. The cost for many savers and businesses would be staggering.

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