Market sentiments across the region improved after Cyprus managed to strike a bailout deal at the eleventh hour, averting a fiscal crisis that could have dented recovery efforts in the euro area.

read:

https://www.ibtimes.co.uk/articles/449873/20130325/cyprus-bailout-laiki-bank-imf-eurozone.htm

https://www.ibtimes.co.uk/articles/450022/20130325/cyprus-bailout-ecb-germany-russia-putin.htm