'60% levy' possible in Cyprus

Savers with the Bank of Cyprus could be given shares in the bank, a source close to the negotiations has told the news agency Reuters as some initial details of the euro bail out are released.

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Security firms don't expect 'chaos' as Cyprus banks open

John Arghyrou, managing director of G4S Cyprus, says he doesn't believe there will be a run on the banks in the country today as they reopen after being closed for nearly two weeks.

Security has been tightened around the country's banks as they get to set to re-open at 10am UK time. The banks were closed as a controversial international financial bailout was agreed and implemented.

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