Bail-in thrown into chaos by Cyprus disaster

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Bail-in thrown into chaos by Cyprus disaster

Cypriot depositors with less than €100,000 in the bank were offered some welcome relief on Thursday night from the fear of having a chunk of their savings confiscated by the country’s government, which is scrambling to collect the €5.8bn that European authorities have said it must contribute to a €17bn bail-out of its stricken economy.

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