8 Scary Numbers From the First Quarter

There were plenty of disconcerting statistics during the last three months

Jeremy Glaser 8 April, 2013 | 2:40PM
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The first part of 2013 was generally a good one for stocks. The UK FTSE All Share index rose 9% amid renewed vigour and on the back of some positive economic signs. But not all of the data and signs were rosy. Every quarter, we take a look at some scary numbers; here are some notable ones for the most recent three-month period. 

6.7%: "Tax" that was to be levied on all deposits of less than EUR 100,000 in Cypriot bank accounts under the terms on the initial bailout agreement agreed to in March. Although the bailout terms were amended to spare smaller depositors, the deal sent a wave through the global markets. Investors were fearful that the agreement would be used as a template in other peripheral countries, causing depositors to move their money to safer banks and bringing further instability to the European financial system. 

1,000: Euros that can be taken off the island of Cyprus. The capital controls imposed since Cyprus' banks opened back for business are designed to keep money from fleeing and putting the country's lone major bank in even bigger trouble. 

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About Author

Jeremy Glaser  is markets editor for Morningstar.com, the sister site of Morningstar.co.uk.

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