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Monday, March 25, 2013

Cyprus bailout sends global shares higher.

 They say in Britain that a week's a long time in politics. Well it's also a long time in the financial markets. Last Monday, a plan to hit depositors in Cyprus sent global shares and the euro tumbling. Today, a plan to hit depositors in Cyprus has sent most global equities and the euro higher. Moody's, though, remains unimpressed, saying that Cyprus remains at risk of default.

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