WASHINGTON, March 18 (Xinhua) -- The White House Monday said that it was monitoring the international bailout plan for Cyprus to tackle its economic challenges.
"We're obviously monitoring the situation right now," White House spokesman Jay Carney Monday said at a briefing.
It's very important for Europe to take steps necessary to both grow the economy and deal with sovereign debt issues, Carney told reporters, without further comments on the bailout plan.
The eurozone and the Washington-based International Monetary Fund (IMF) on Saturday agreed on a 10-billion-euro (about 13 billion U.S. dollars) bailout package for Cyprus, imposing a 6.75 percent tax on bank deposits under 100,000 euros and a tax of 9.9 percent on deposits exceeding that amount as one of the conditions for the bailout agreement.
Cyprus' parliament on Monday postponed a session to debate legislation imposing the one-off levy on bank deposits until Tuesday evening, as the bailout plan sparked worries over bank runs in the eastern Mediterranean island.