E.U. Tax Proposal On Cypriot Bank Deposits Riles Russia

There has been angry reaction in Russia and Cyprus to the E.U.'s proposal to seize nearly 10 percent of large deposits in Cypriot banks, and roughly 7 percent of smaller deposits. That would force Russian oligarchs and ordinary citizens to bear much of the cost of the bank bailout in Cyprus. For more on the story, Renee Montagne talks to NPR's Corey Flintoff in Moscow and reporter Joanna Kakissis in Athens.