NO, NO, NO! proclaim the open palms of demonstrators in Cyprus as they protest against a proposed levy on bank deposits as a condition of a European bailout.
Cyprus’ parliament resoundingly rejected the tax in a vote on March 19, putting the tiny country at a standoff with Europe, which said it would withhold 10 billion euros ($13 billion) in bailout loans unless depositors, including some smaller savers, shared the cost of the rescue.