Cyprus http://wamc.org en Herbert London: Taxing Bank Depositors In Cyprus http://wamc.org/post/herbert-london-taxing-bank-depositors-cyprus <p></p><p>Legislators in the tax-haven island of Cyprus have rejected the draconian bank deposit tax defying German leader Angela Merkel. While the protestors danced in the street after the vote, this could be a pyrric victory. President Putin threatened to withdraw a $3.2 billion loan if the Merkel proposal were embraced, a condition that might have influenced the final tally.</p> Wed, 27 Mar 2013 15:13:15 +0000 60799 at http://wamc.org