Crisis 2013: Who Faces the Contagion?

Cyprus is a small country that is enlisted in the European Union. The turmoil of the euro zone crisis has been in action since long and the latest effects have hit Cyprus real bad and are as if targeted the country. It was basically a crisis that affected the banking business of the country. Last week a bailout of 10bn Euros had been agreed by the IMF and the EU for the curing of the economy. The bailout deal of the country with the IMF and EU has brought many other small economy countries into light.

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