International news
The euro has steadied, but lingers not too far above a 4-month $1.2830 dollar low seen in yesterday’s trading. Reassurance from Cyprus that a euro exit was “not to be contemplated” failed to overcome concerns about the implications for other struggling countries of the deal struck for Cyprus. Adding to these worries, the EU Commission said yesterday that large uninsured deposits could be at risk in any future restructuring under a new draft EU law [...]
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