Cyprus parliament delays vote on deposit levy to Monday


NICOSIA (Reuters) - Cyprus's parliament has postponed until Monday an emergency session to vote on a levy on bank deposits after signs that lawmakers might block the surprise move agreed in Brussels to help fund a bailout and avert national bankruptcy.

In a radical departure from previous aid packages, euro zone finance ministers want Cyprus savers to forfeit up to 9.9 percent of their deposits in return for a 10 billion euro (8 billion pounds) bailout to the island, which has been financially crippled by its exposure to neighbouring Greece.

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