Cyprus, Italy Lift Europe Fears

Investor's Business Daily
April 2013
Investors Business Daily;4/ 1/2013, pB02
2 The last-minute deal to secure a bailout for Cyprus eased worries of a eurozone exit. But a top European finance official's comments that deposit seizures and bondholder losses would be a model for future banking crises raised alarms. A prompt backtrack settled nerves a bit. Cyprus banks finally reopened Thu. with capital controls. The latest failure to form a new Italian gov't caused the bond yield to spike.


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