top of page

Markets Drop Over Cyprus Bailout Concerns

Writer's picture: OurStudioOurStudio

Asian markets have dipped after Cyprus bailout plans triggered fears of an escalation of the eurozone debt crisis.

The EU and IMF want all bank customers to pay a levy in return for a bailout worth 10bn euros ($13bn; £8.6bn).

The plan is yet to be finalised, but the news of the deal caused a rush to the cash machines as people tried to withdraw money.

Japan's Nikkei 225 index fell 1.8%, Australia's ASX 200 dipped 1.3% and South Korea's Kospi was down 0.4%.

Analysts said that investors were sceptical about how the developments in Cyprus may affect other bigger eurozone economies which may also need bailout funds in the future.

0 views0 comments

Comentários


NEWSLETTERS

Get Reason In Your Inbox.

Thanks for submitting!

Join the

LIBERTARIAN PARTY

We are funded entirely by Americans who want to help give liberty a voice. By joining the Libertarian Party as a dues-paying member, you are investing in this critical work.

Thanks for submitting!

ADDRESS

1444 Duke St.

Alexandria, VA 22314-3403

PHONE

(800) ELECT-US

(800) 353-2887

EMAIL

bottom of page