Stocks, euro slide on Cyprus bailout terms | Bangkok Post: news

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Stocks, euro slide on Cyprus bailout terms

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Europe's main stock markets lost ground and the euro fell under $1.30 on Monday on news that Cyprus might tax bank deposits as part of a controversial international bailout. 

A trader works at the Frankfurt Stock Exchange in western Germany, on July 23, 2012. Europe's main stock markets lost ground and the euro fell under $1.30 on Monday on news that Cyprus might tax bank deposits as part of a controversial international bailout.

Asian equities fell heavily as the mooted plan by Cyprus to tax bank deposits raised fresh concerns the eurozone debt crisis could flare up again.

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