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Cyprus to ask for bailout from eurozone partners
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http://www.bbc.co.uk/news/business-18586532
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It said it needs help to shore up its banks, which are heavily exposed to the Greek economy.
Shares in Italy, Spain and Greece fell sharply amid concerns that an EU summit this week will again fail to produce a deal to shore up the euro.
The Italian and Spanish indexes both closed about 4% down. The fall on Spain's Ibex index was exacerbated by a Reuters report that the Moody's credit rating agency is planning to downgrade Spain's banks.
Earlier, Spain formally requested a bailout loan for its banking sector, expected to be for up to 100bn euros (£80.2bn, $125bn).
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So it seems things are looking up in Europe then?
