Cypriots Avoid Bank Tax As Russia Appears To Pay Price For Bailout

For one week, the eyes of the world were turned to a tiny island nation in the Mediterranean. Cyprus, the third smallest economy in the Euro zone (the term used to refer to the 17 countries which use the Euro as their currency), was on the brink of default. It's economy was in shambles and it desperately needed assistance or face certain ruin.

Topics:  mediterranean   euro   economy   
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