Eurozone crisis

Cyprus economy shrinks 0.3 pct in Q3

The Cypriot economy contracted 0.3 percent in the third quarter, a slight improvement on a 0.4 percent dip in the previous three months, the state statistical service said on Tuesday.

This was the 13th successive negative quarter for the Mediterranean island country’s battered economy, according to a revised estimate, which had put the July-September contraction at 0.4 percent.

Greek bond yields drop

Greek 10-year bond yields fell 42 basis points to 7.33 percent on Friday as the country’s deputy prime minister said he expected to have an initial deal with EU/IMF inspectors on their delayed bailout review by December 15.

[Reuters]

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