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Cypriot Parliament Faces Bankruptcy Deadline

Fri, March 22, 2013 8:00am

Story by Joanna Kakissis

Listen to this story on npr.org »

The tiny Mediterranean island-nation of Cyprus is teetering on the edge of insolvency after rejecting a tax on bank deposits imposed by the E.U. and IMF in exchange for a bailout. Cyprus has until Monday to approve a new bailout plan.

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