People of Northwest Public Radio
Tue March 19, 2013
The Ripple Effects Of Cyprus' Financial Crisis
Originally published on Tue March 19, 2013 11:42 am
Cyprus lawmakers rejected a $13 billion bailout package that included controversial taxes on bank deposits. The proposed tax would have helped to pay for the bailout of crumbling banks. NPR's Marilyn Geewax explains how the events in Cyprus could affect the global economy and what may happen next.