Cyprus Banks Remain Shut Until Tuesday - Turmoil Occurred Due to Euro zone Bailout Plan

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Cyprus Banks Stay Closed Until Tuesday
According to Media Report on Wednesday , Bank of Cyprus Remain Closed Until Tuesday.  Banks in the island nation, which have been closed since March 16, had been scheduled to reopen on Thursday. Monday is a previously scheduled bank holiday. Cyprus is scrambling to find money to rescue its banks from collapse after its parliament on Tuesday rejected a European Union-led bailout proposal that included a controversial tax on bank deposits.

Source:-  Market Watch
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