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Agreement between Cyprus and European Union

Map of Cyprus in EuropeAn agreement was signed hours before the deadline in order to avoid the banking structure collapse between the President Anastasiades and the European Union heads, European central bank and the international monetary fund.

This plan has initiated by the finance ministers of the European zone and under this plan a financial meltdown will be allowed for the Mediterranean island by convoluting the state owned Popular bank of Cyprus that is also known as Laiki and it also includes shifting the deposits under the 100,000 Euros to the bank of Cyprus.
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Tuesday, March 26th, 2013 europe, news No Comments

Cyprus bailout spooks traders and causes the Euro to plunge

Eurozone bailout of CyprusThe financial turmoil in Cyprus has taken a toll on most of the major currencies in the world. The sad thing is that these ripples do not look like they are going to calm down any time soon. This week on Monday, March 18, the Euro took a dive after the announcement of the bailout plan for Cyprus.

One of the measures that are being put in place to facilitate this bailout is the taxation of bank deposits. This move has been seen by investors and traders as a high-risk move that may have an effect on other trading platforms and Eurozone area banks.
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Thursday, March 21st, 2013 europe, news No Comments

Why the euro buoyance against the dollar?

Euro buoyancy against dollarThis week has proved quite newsworthy for many forex traders. The last few days have been specifically highlighted by the continued buoyancy of the euro against the dollar.

There are several reasons that this has taken place. Or primary importance is the fact that investor sentiment has begun to look favourably upon the Eurozone.

Many astute traders have expressed their growing confidence that this multinational economy has been through the worst.
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Wednesday, January 30th, 2013 USA, binary trading, europe, news No Comments

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