Savers with over €100K 'could take losses of up to 60%'

Bank of Cyprus savers with over 100,000 euros could take losses of up to 60 percent, an official from the bank told the Associated Press.

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'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.