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Netflix, Inc. Message Board

  • nw2000_ca nw2000_ca Mar 19, 2013 10:52 PM Flag

    The parliament of Cyprus rejected a proposed tax on bank deposits.

    The proposed tax on savings in banks had been a condition of a European bailout. When the Cypriot parliament rejected the tax, the decision eased worries that savers will begin withdrawing funds. At the same time, it left efforts to rescue the country - the latest casualty of the euro-zone debt crisis - up in the air. "Regardless of the vote in Cyprus, we still have the problem. No one knows: 'What is the Cypriot financial restructuring going to look like?'"

 
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