Europe Braces for Renewed Turmoil as Cyprus Deposit Levy at Risk

Europe Braces for Renewed Turmoil as Cyprus Deposit Levy at Risk

Barbara Laborde/AFP via Getty Images

Scenes of Cypriots lining up at cash machines raised the specter of capital flight elsewhere and threatened to disrupt a market calm that settled over the 17-member bloc since the European Central Bank’s pledge in September to backstop troubled nations’ debt.