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REPORT: Cyprus Delays Controversial Bailout Vote Until Tuesday

Matthew Boesler   

REPORT: Cyprus Delays Controversial Bailout Vote Until Tuesday
Stock Market1 min read

According to a report from Cyprus Broadcasting Corporation, the Cyprus vote on a bank bailout package that includes controversial haircuts for depositors is already being pushed back to Tuesday.

Via Open Europe:

And Reuters' Jamie McGeever confirms:

Not off to a good start this week.

Morgan Stanley's latest note discusses how the process should be frought with implementation issues. Read their take here >

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