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Cyprus Rejects Bailout

|Includes:ProShares UltraShort Euro ETF (EUO), FXE

The Cypriot Parliament will reject the bailout because of the deposit tax. According to Seeking Alpha Market Currents, "Cyprus' ruling party will apparently abstain from the bailout vote, thus assuring its failure." Now, it's the ECB's turn to respond.

Read more about the hubbub over Cyprus: here.

Stocks: EUO, FXE