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Savings account seizure plan draws fury in Cyprus

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NICOSIA, Cyprus (AP) — A plan to seize up to 10 percent of savings accounts in Cyprus to help pay for a €15.8 billion financial bailout was met with fury Monday, and the government shut down banks until later this week while lawmakers wrangled over how to keep the island nation from bankruptcy. Though the euro and stock prices of European banks fell, global financial markets largely...

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