Dead Broke: Cyprus turns to Russia after EU terms rejected, Merkel furious

Scenes of relief and celebration greeted the Cyprus Parliament's rejection of a tax on bank deposits. The one-off levy linked to an EU bailout deal would have seen millions of account holders lose up to a tenth of their savings, and had been condemned by officials and the public alike. But the country now finds itself on the brink of bankruptcy and having rejected the EU's terms, it may have t ...