Cyprus Bailout Needs Rise By €2 Billion As Conditions Deteriorate Rapidly

A week of closed banks, depositor angst, and economic malaise is creating an increasingly vicious circle for Cyprus (and implicitly the European Union). As Die Welt notes, because the economic data of the tiny ‘irrelevant’ island could be considerably worse than previously thought (or forecast by…

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Cyprus Bailout Needs Rise By €2 Billion As Conditions Deteriorate Rapidly

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