Finance ministers refuse to ease pressure on Cyprus

Eurogroup says that the country is to soften the blow for people with smaller bank deposits - but insists eurozone will offer no extra cash.

The eurozone’s finance ministers held a conference call this evening (18 March) to discuss the fall-out from the decision to impose a levy of up to 10% on deposits in Cypriot banks as part of the country’s €10 billion bail-out agreed on Saturday.

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