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Cyprus Crisis Agreement Could Lead to Credit Crunch, High Unemployment


Cyprus Crisis Agreement Could Lead to Credit Crunch, High Unemployment
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Financial uncertainty for the island nation of Cyprus is far from over. Despite narrowly averting bankruptcy and securing a 13-billion-dollar bailout, economic pain may be just beginning. Economists say the country will pay a price in higher unemployment, bankruptcies and a credit crunch as it struggles to right its troubled banks. Mil Arcega reports.

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