Cyprus final bailout agreement is worse for the FX brokers

Unlike the original proposal, uninsured depositors will likely lose around 40% (not 10%) at Cyprus’ two largest banks. The new (and seemingly final) Cyprus bailout agreed to Sunday night by senior Cyprus government officials, the EU and the IMF will see the complete wind-down of Laiki bank, the s…

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Cyprus final bailout agreement is worse for the FX brokers

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