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March 27, 2013

Cyprus: Protests Continue as Economic Crisis Deepens 
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Protests are continuing in Cyprus as the country’s economic crisis has
appeared to deepen following the negotiation of a massive European
bailout. Officials are expected to unveil new controls before banks
reopen to stave off a rush by people concerned about their savings.
Large depositors in Cyprus are now reportedly facing losses of roughly
40 percent. On Tuesday, employees at the country’s largest bank
occupied their workplace amid fears they could lose their jobs.

Andreas Vassiliou: "It is a big demonstration. The workers of the Bank
of Cyprus have shown once more that they are demanding their rights. We
are carrying out a very dignified and peaceful protest, and it is only
to secure the rights of the employees of the Bank of Cyprus."

 

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