Brussels bailout 'painful' for the Cypriot people

The consequences of the decision to bail out Cyprus are "painful for the Cypriot people", the island's parliamentary speaker has said.

This decision was a defeat of solidarity and social cohesion which are fundamental freedoms, fundamental principles, of the European Union.

– Yiannakis Omirou

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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.