Cyprus bailout to calm U.S. markets

Eurozone finance ministers reached a last minute deal to grant Cyprus a $ 13 billion bailout early this morning. Those with large deposits in Cypriot banks could be hit will a tax of 30 percent in order to help fund the bailout.

Richard DeKaser, economist with Wells Fargo, joins Marketplace’s Mark Garrison to discuss the impact of Cyprus’ bailout on the U.S. economy.

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Cyprus bailout to calm U.S. markets

EU finance ministers approve Cyprus bailout deal

BRUSSELS (AP) — Cyprus avoided bankruptcy, and potential turmoil across the eurozone, by securing a last-minute 10 billion euro ($ 13 billion) bailout with promises to sharply cut back its oversized banking sector and make large bank account holders take losses to help pay much of the bill.
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EU finance ministers approve Cyprus bailout deal

TAKE-A-LOOK-G20 finance ministers meeting in Moscow Feb. 15/16

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TAKE-A-LOOK-G20 finance ministers meeting in Moscow Feb. 15/16