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UK customers escape bank levy

Around 15,000 savers in the UK arm of stricken Cypriot bank Laiki will see their deposits protected under British rules and will escape the Cyprus banking levy.

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Cyprus 'playing with fire' and running out of time

An ally of German Chancellor Angela Merkel says Cyprus is "playing with fire" and is running out of time to find ways of securing its Eurozone bailout.

Volker Kauder, leader of Germany's Christian Democrats went on to reject suggestions Cyprus might nationalise pension funds of part-public companies raise cash.

I don't think this can happen, because this would be huge for pensioners, for the small people.

So I don't think this is a proposal that helps. If a proposal comes, I am optimistic.

But we aren't there yet. I still believe we will get a settlement, but Cyprus is playing with fire.

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