EU rescue terms spark run on Cyprus banks

Savers react with shock after government agrees to levy on deposits in return for $13bn rescue package.

    Savers in Cyprus have been told that a proportion of their money in the bank is going to be taken from them.

    Their government agreed to do this as part of a $13bn loan they secured in Brussels. The country's president is preparing to make an emergency statement on Sunday to try and calm investors' fears.

    Al Jazeera's Peter Sharp reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Gender violence in India: 'Daughters are not a burden'

    Gender violence in India: 'Daughters are not a burden'

    With female foeticide still widespread, one woman tells her story of being mutilated for giving birth to her daughters.

    The Muslims of South Korea

    The Muslims of South Korea

    The number of Muslims in South Korea is estimated to be around 100,000, including foreigners.

    Aamir Khan: The Snake Charmer

    Aamir Khan: The Snake Charmer

    Can Aamir Khan create lasting change in Indian society or is he just another Bollywood star playing the role of a hero?