Reuters: US Dollar Report: Europe shares pare losses on Cyprus banks spin-off deal

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Europe shares pare losses on Cyprus banks spin-off deal Mar 22nd 2013, 10:46 LONDON, March 22 | Fri Mar 22, 2013 6:46am EDT LONDON, March 22 (Reuters) - European shares pared some of their earlier losses on Friday after the Cyprus Presidency said there was an agreement with Greece to spin off the Greek units of debt-ridden Cypriot banks. The pan-European FTSEurofirst 300 index, which had been down by as much as 0.4 percent, recovered slightly to stand down 0.2 percent at 1,188.24 points by 1045 GMT.

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