10 things you need to know today: March 28, 2013

Cyprus' banks are reopening on Thursday under tight government supervision to prevent a run on deposits. Depositors will only be allowed to withdraw about $380 a day. The Mediterranean

nation's financial institutions have been closed for two weeks as Cypriot leaders negotiated a $13 billion bailout with Europe. The deal is the first in the euro zone that will force

customers to help foot the bill for saving the banking system from collapse. Accounts containing more than $130,000 will be frozen, and a big chunk of those deposits will be siphoned off.

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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in

2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News,

and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.