March 22, 2013 at 07:14 AM EDT
EU Gives Cyprus an Ultimatum: Raise Funds or Banks Will Fail
The euro hovered above $1.29 on Friday morning after data showed that the region continued to slide in March and Cyprus' problems worsened. The New York Times reported that the index of purchasing managers by Markit Economics showed the eurozone was on a steady downward decline. The data confirmed
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