Cyprus parliament to consider deposit tax; European stocks fall


NICOSIA (Reuters) - Cyprus's parliament votes on Monday on a plan to seize money from bank deposits as part of an EU bailout, a move that has sent a shiver across the bloc, caused the euro to tumble and stock markets to dive.

The announcement at the weekend that tiny Cyprus would impose a tax on bank accounts as part of a 10 billion euro (8.6 billion pounds) bailout broke with previous European practice that depositors' savings were sacrosanct.

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