The Ripple Effects Of Cyprus' Financial Crisis

Mar 19, 2013
Originally published on March 19, 2013 12:42 pm

Cyprus lawmakers rejected a $13 billion bailout package that included controversial taxes on bank deposits. The proposed tax would have helped to pay for the bailout of crumbling banks. NPR's Marilyn Geewax explains how the events in Cyprus could affect the global economy and what may happen next.