Cypriot banks to remain closed until Thursday
By The Associated Press
This article was originally published March 18, 2013 at 7:08 a.m. Updated March 18, 2013 at 11:06 a.m.
PHOTO BY AP/PETROS KARADJIAS
A police officer stands by a protest banner outside of parliament before a meeting in capital Nicosia, Cyprus, on Monday, March 18, 2013.
NICOSIA, Cyprus — Cyprus banks will remain closed until Thursday as lawmakers try to amend a measure to raid bank accounts in the country.
Aliki Stylianou, a spokesman for Cyprus' central bank, says Monday's bank holiday has been extended by two days.
The extension comes after a proposal to seize a percentage of all bank deposits in Cyprus, a move that was demanded as a condition for a $13.09 billion international rescue package.
Cypriot lawmakers are now in talks to soften the blow for small savers before they approve the bailout. The parliamentary approval vote has been postponed from Monday until Tuesday evening.
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