AOL.com Video - Cyprus Wavers Over Bailout Vote

VIDEO:News

Cyprus Wavers Over Bailout Vote

Description:It makes up just 0.2% of the euro zone economy but the crisis in Cyprus could shake the foundations of the whole bloc. The Cypriot government has now proposed sparing small savers from a divisive tax on bank deposits. But the Cypriot President believes with no party majority parliament is still likely reject a proposed bailout plan. That will leave the tiny island facing default and a banking collapse. (2:18)

Source: Reuters

Tags: reuters , Adam Myers , finance minister , nicos anastasiades