Cyprus president tries to amend bailout plan

An elderly man passes by a cooperative bank in Limassol, Cyprus, Saturday, March 16, 2013. Many rushed to the cooperative banks which are open Saturdays in Cyprus, after learning that the terms of a bailout deal that the cash-strapped country hammered out with international lenders, includes a one-time levy on bank deposits. The move, decided in an extraordinary meeting of the finance ministers of the 17-nation euro zone in the early hours Saturday, is a major departure from established policies. (AP Photo/Pavlos Vrionides)

NICOSIA, Cyprus (AP) — Cyprus' president said Sunday that he is trying to amend a key provision of an unpopular …read more
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