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'Hands off' say Cypriots to EU bailout plan

Protesters rally against an EU bailout deal in front of the Cyprus parliament in Nicosia on March 18.
Protesters rally against an EU bailout deal in front of the Cyprus parliament in Nicosia on March 18.Filip Singer / EPA
Cypriots show their palms reading
Cypriots show their palms readingPatrick Baz / AFP - Getty Images
A man holds a banner against German Chancellor Angela Merkel's call for Cyprus to follow economic reforms.
A man holds a banner against German Chancellor Angela Merkel's call for Cyprus to follow economic reforms.Yiannis Kourtoglou / AFP - Getty Images

By John W. Schoen, NBC News

The explosive backlash to the latest European bailout – this one for tiny Cyprus – will have limited impact on U.S. consumers, businesses and investors.

But the aftershocks are a potent reminder than the ongoing European crisis – relatively dormant in recent months – is far from over.

The latest $13 billion chapter in the Europe’s efforts to reverse the economic free fall of its most heavily indebted members came with a nasty, surprise kicker. Read full story.

Cypriots protest outside the parliament building in Nicosia, on March 18, 2013.
Cypriots protest outside the parliament building in Nicosia, on March 18, 2013.Patrick Baz / AFP - Getty Images
Protesters shout slogans during an anti-bailout rally outside the parliament in Nicosia on March 18, 2013.
Protesters shout slogans during an anti-bailout rally outside the parliament in Nicosia on March 18, 2013.Yorgos Karahalis / Reuters

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