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EC Believes Cyprus Will Exit Recession by 2015

The European Commission has predicted in its spring forecast, that Cypriot economic alterations are headed in the right direction, and that the nation will surpass the recession by next year.

Treasury Bill Sale Generates 1.3 Billion Euros

Today, Greece sold 1.3 billion euros worth of six-month treasury bills, to roll over a maturing dispersion at the lowest monetary price, since the beginning of the financial crisis in January 2010.