European Debt Crisis

Cyprus bailout to calm U.S. markets

Mark Garrison Mar 25, 2013
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European Debt Crisis

Cyprus bailout to calm U.S. markets

Mark Garrison Mar 25, 2013
HTML EMBED:
COPY

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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