'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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Central Bank of Cyprus eases cash controls

The Central Bank of Cyprus has eased some of the restrictions imposed on customers.

The bank will now allow debit and credit cards to be used normally for domestic payments, although curbs on card purchases abroad are still in place.

The central bank said it would review the limits on a daily basis.

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