Cyprus Bailout Rattles Markets

Stocks around the world and the euro fell Monday as investors fretted over the implications of a plan to seize a part of deposits in Cypriot banks to partly fund a bailout for the Mediterranean island nation. Financial stocks bore the brunt of the selling in European stock markets, with France's Societe Generale down 3.8 percent and Italy's UniCredit 3.6 percent lower, as investors worried about the implications of the Cyprus bailout. Since the European debt crisis began in late...Full Story
Commenting on this article is closed.