Today: CYPRUS bailout lifts shares, euro, oil, Mar 25, 2013

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Mar 25, 2013

CYPRUS bailout lifts shares, euro, oil, Mar 25, 2013

A trader looks at his screen on the IG Group trading floor in London March 18, 2013. REUTERS/Neil Hall
"LONDON (Reuters) - European shares, the euro and oil rose, while safe-haven German government bonds and gold fell on Monday, after Cyprus agreed a bailout to save its banking system and keep it in the euro. In the early hours of Monday morning Cypriot policy-makers reached a deal with the European Union, the European Central Bank and the International Monetary Fund to shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro ($13 billion)."

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