Cyprus ' government has agreed to an economic rescue plan that would see bank deposits taxed . Citizens in Cyprus reject the controversial tax on bank deposits . Will any deal a precedent for other European countries ? The Eurogroup estimates that Cyprus ' public debt will reach 10 % of GDP in 2020 . There has been a run on ATM machines since the proposed measures were announced .
Cyprus ' government has agreed to an economic rescue plan that would see bank deposits taxed . Citizens in Cyprus reject the controversial tax on bank deposits . The Eurogroup estimates that Cyprus ' public debt will reach 10 % of GDP in 2020 . There has been a run on ATM machines since the proposed measures were announced .