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Reports: Eurogroup rejects Cyprus' plan B

22.03.13 @ 13:53

  1. By EUOBSERVER

The Eurogroup and the German government has made it clear to Nicosia that a plan B excluding a levy on deposits above €100,000 is unacceptable, Handelsblatt and Financial Times report. The Cypriot government tried to cobble together €5.8bn by nationalising pension funds and issuing bonds on future gas reserves.