UPDATE: Well that didn’t take long – The Portuguese Finance minister just denied his earlier comments and added that the Cyprus deal is NOT a template for future actions (EURUSD doesn’t believe him). *GASPAR SAYS CYPRUS DEAL NOT A `TEMPLATE’ FOR OTHER COUNTRIES The shambles continues in Europe. …

See the original post here:
EUR Fades As Portugal Admits Cyprus Deal "Sets Precedent" – (UPDATE – Denied)
