<p>A mix of rumors and headlines are coming out of Cyprus as leadership mulls over a controversial bailout package that could involve levies on bank depositors.</p>
<p>This uncertainty is causing stocks to sell off and the euro to tumble.</p>
<p>In fact, Bloomberg's Sara Eisen reports that the euro is now below $1.29 for the first time since December.</p>
<p>At  $1.2858, its down 0.76 percent for the day.</p>
<p><div class="image-container" style="width:620px"><div class="image"><img src="http://static5.businessinsider.com/image/5148a1a769bedd377d000010-674-406/screen%20shot%202013-03-19%20at%201.32.32%20pm.png?maxX=620" border="0" alt="euro" width="620" /></div><p class="source">FinViz</p></div></p>

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The Euro Is Getting Slammed

A mix of rumors and headlines are coming out of Cyprus as leadership mulls over a controversial bailout package that could involve levies on bank depositors. This uncertainty is causing stocks to sell off and the euro to tumble. In fact, Bloomberg's Sara Eisen reports that the euro is now below $1.29 for the first time since December. At $1.2858, its down 0.76 percent for the day. FinViz

A mix of rumors and headlines are coming out of Cyprus as leadership mulls over a controversial bailout package that could involve levies on bank depositors. This uncertainty is causing stocks to sell off and the euro to tumble.

The Euro Is Getting Slammed

Sam Ro

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