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Cypriots protest bank deposit tax

Cypriots holding cut-out masks of German Chancellor Angela Merkel (top-R), European Commission head Jose Manuel Barroso (C) and Cypriot President Nicos Anastasiades (top-L) take part in a protest against an EU bailout deal outside the parliament in Nicosia on March 18, 2013.

Later today, the government of Cyprus will vote on a controversial bailout plan which would tax bank deposits up to 10 percent. The proposed levy caused markets around the world to fall yesterday and sparked protests in Cyprus.

The BBC's Nigel Cassidy in Cyprus joins Marketplace Morning Report host Jeremy Hobson to gauge reaction to the plan in Cyprus and whether the government will actually pass the measure.

About the author

Nigel Cassidy is a reporter with the BBC.
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