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Eurogroup positions in Cyprus remains unaltered, Dijsselbloem says

FXstreet.com (Barcelona) - There are new statements coming through the wires relating to the fluid situation in Cyprus, which recently failed to ratify the infamous bank deposit tax.

According to EU President Dijsselbloem, "the Eurogroup position remains same as stated Monday"... adding "Eurogroup stands ready to assist Cyprus in reform efforts" and that "Cyprus rescue package won't exceed the 10 billion euros."

Meanwhile, ECB' Nowotny also had his say on Cyprus, saying that "is politically not smart to include small saver in bank levy", also adding that "the Parliament NO vote was a problem for Cyprus now."

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Forex: EUR/USD retraces all Monday gains from gap and trades at fresh 2013 lows

The Euro traded lower on Tuesday following the developments in Cyprus with special attention. Into a sea of rumors, the EUR/USD was hurt by the wires as sources was spreading resignation talks or bailout approvals. Finally, the Cypriot parliament rejected the bank deposit levy and blocked the €10Bn bailout with a great majority.
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