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March 25th, 2013
06:58 AM ET

Investors happy over Cyprus bailout deal, could push markets up – Christine Romans reports


World markets got a boost Monday after Cyprus and EU negotiators reached a deal on a €10 billion bailout for the tiny island nation.

The new bailout program includes deep restructuring of the country's banking sector; one major bank will broken up immediately.

U.S. stock futures were higher ahead of the opening bell. With no major corporate earnings or economic reports on tap Monday, news on Cyprus could dominate.

CNN's Christine Romans has more on "Early Start" on how the bailout news could affect the markets.

READ MORE: Stocks: Positive reaction to Cyprus deal

Filed under: Cyprus • Stock market
soundoff (One Response)
  1. North

    CNN, you are dispicable. This is your "story" on this epic problem? Saying it is a boost to world markets? You should be ashamed of yourself. Why are you not reporting that individual people are losing $10,000s of dollars or more from the outright theft of their savings accounts? Or, how about the fact that this is leading to a run on the banks in Cyprus? Why don't you report on that? Oh, wait...maybe because the same banks that are being bailed out by this are the banks that own you. CNN, you are HARDLY a news organization...

    March 25, 2013 at 1:23 pm | Reply

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