EFTA01900782

To: jeevacationtagmail.com[[email protected]] From: Nicole Junkermann Sent: Sat 3/16/2013 10:37:25 PM Subject: Amazing!!! March 16 (Bloomberg) -- Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe's debt crisis broke out in 2009. Cyprus will impose a levy of 6.75 percent on deposits of less than 100,000 euros the ceiling for European Union account insurance -- and 9.9 percent above that. The measures will raise 5.8 billion euros, Dutch Finance Minister Jeroen Dijsselbloem, who leads the group of euro-area ministers, told reporters early today after 10 hours of talks in Brussels. The euro region's bailout kitty and, possibly, the International Monetary Fund will look to make up the shortfall. A partial "bail-in" of junior bondholders is also possible. Officials have struggled to find an agreement IT IS SCARY! EFTA_R1_00329906 EFTA01900782