LONDON, March 17 Britain will compensate its
military personnel based in Cyprus hit by a bank levy imposed on
Cypriot accounts as part of a euro zone bailout, finance
minister George Osborne said on Sunday.
"For people serving in our military, people serving our
government out in Cyprus ... we are going to compensate anyone
who is affected by this bank tax," he told BBC television.
Britain has about 3,500 military personnel based in Cyprus.
The euro zone agreed on Saturday to hand Cyprus a bailout
worth 10 billion euros ($13 billion) but demanded depositors in
its banks forfeit some money to stave off bankruptcy.