"My main Cyprus contagion fear is Italy," tweets Reuters' Hugo Dixon. "It doesn't have a government and it has form grabbing deposits (Amato 0.6% in 1992)." Meanwhile, Vladimir Putin calls the proposed tax on banks savings "unjust, unprofessional and dangerous." Wealthy Russian are due to be severely hit by the levy.
"My main Cyprus contagion fear is Italy," tweets Reuters' Hugo Dixon. "It doesn't have a...
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