Lawmakers in Cyprus are trying to ease rage over a proposed tax on all bank deposits by exempting people who have relatively small accounts. It's part of a bailout plan for that Mediterranean country negotiated with the E.U. and IMF over the weekend, but the compromise on taxes may not be enough for Cyprus' parliament to pass the plan.
We're hearing this morning that Pope Benedict has left the Vatican. NPR's Sylvia Poggioli is covering the first papal retirement in 600 years, and she joins us now from Rome. And Sylvia, describe the scene for us there.
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Surprising news this morning from the Vatican. Pope Benedict XVI has announced he is resigning at the end of this month. It is an unprecedented departure in modern times. The last time a pope stepped down, it was 1415, the Middle Ages. At 85 years old, Benedict said he was no longer up to the physical demands of the papacy. We've got NPR's Sylvia Poggioli on the line now live from Rome. Good morning.