While you were sleeping Cyprus outweighs US housing

Tue, 19 Mar 2013

By Margreet Dietz March 20 (BusinessDesk) - Concern about Europe's squabbling over a palatable plan to save Cyprus from financial collapse weighed on Wall Street, even as the latest US housing data showed further signs of a sustainable recovery in the industry. Cyprus President Nicos Anastasiades said that lawmakers are likely to reject a plan to tax bank deposits, even as it was amended to protect those with the least savings. The timing of the vote is uncertain. The European Union and International Monetary Fund want Cyprus to fund 5.8 bil...

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