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In Cyprus, a Tax on Savings Accounts Causes Banking Crisis

2:38Expires: 04/17/13

The small island of Cyprus is facing a crippling banking crisis. A tax on savings account has caused the country to file for a bailout. Citizens saw a 6-9% decrease in their individual savings accounts.This has sparked protests and outrage from residents. For more, Emma Murphy of Independent Television News reports from Nicosia.

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State of the Union 2016

PBS NEWSHOUR offers live coverage of President Obama's speech and the Republican response.


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PBS NewsHour Weekend

Premieres Saturday, September 7, 2013 at 6 p.m. ET.


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