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Math doesn’t add up on revised Cyprus rescue plan Add to ...

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Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

Cyprus’s second attempt at a rescue plan was targeting a more deserving cast of victims. The island’s parliament, which blocked the tax on small savers earlier this week, was called to vote on a new scheme. Stuffing large depositors of the country’s second-largest lender into a bad bank was fairer than the original proposal. The scheme’s main problem is that it has so far failed to convince Cyprus’s euro zone partners.

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