The jobless rate across the 17 counties that use the euro currency rose to 12 percent in January and February of 2013, adding to signs that the region's economic slump may not be over.
Strict controls on the level of withdrawals have prevented a bank run in Cyprus. But the restrictions are raising fresh doubts about the future of the euro.
European finance ministers are meeting in Brussels today, and at the top of their agenda is Cyprus. The small Mediterranean island nation, which has 850,000 people, is in desperate need of a bailout.