Dáil debates
Wednesday, 20 March 2013
Topical Issue Debate
Common Agricultural Policy Negotiations
5:05 pm
Simon Coveney (Cork South Central, Fine Gael) | Oireachtas source
The difficulty facing Cyprus is the condition, as part of the bailout, that it raise almost €7 billion to trigger a financing mechanism of €10 billion under a programme. It needs to find a way of raising this money and it proposed to do so by imposing a levy on deposits of less than and more than €100,000.
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