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March 20, 2013

Europe May Cut Emergency Funding to Cyprus

Der Spiegel, Der Spiegel

AP Photo

After rejecting a euro-zone bailout deal on Tuesday night, Cyprus is now desperately searching for funding. Should aid not be found soon, the country's banks might remain closed until next week. Meanwhile, criticism of Germany's role in the fiasco is mounting in Nicosia and Berlin.

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TAGGED: Germany, Angela Merkel, Eurozone, Cyprus, European Central Bank, ECB

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