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Markets Open Down on Cyprus Bailout

BANK RUN

Parliament will hold crisis session.

cheats/2013/03/18/markets-open-down-on-cyprus-bailout/130318-cyprus-cheat_m2ej69
Yorgos Karahalis/Reuters/Landov

This sounds like the opposite of the desired effect. International markets in Asia and Europe opened down on Monday on the news of an unprecedented proposed bailout by the European Union and the International Monetary Fund for Cyprus that would put a tax on bank savings to finance the bailout....

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