Transcripts for CNN Starting Point 20130318 12:25:00 : vimar

CNN Starting Point March 18, 2013 12:25:00

welcome back to "starting point". minding your business this morning, another bailout in europe wreaking havoc on stock markets around the world. dow futures are down about 90 points. the good news is that's an improvement from a few hours ago when futures were off about 150 points. in asia, the major averages overnight dropped 1% to 2% each. this time it's cypress that needs a bailout, a tiny island south of turkey. but it is being watched closely because its bailout is especially contentious because it includes a tax on bank deposits meaning people who live there would be tax the on the money that they put if to their accounts. so they're nervous about this. many rushed to withdrawal their money. a vote on the bailout has been postponed until tomorrow.

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