Europe closes lower, but recoups a big chunk of sharp early losses following the weekend plan to confiscate bank depositor money in Cyprus. Stoxx 50 (FEZ) -0.7%, led by Spain (EWP) -1.3%. Germany (EWG) fell 0.5%. The S&P 500 is now lower by just 0.3%. The Nasdaq turned green for a bit, now flat.