Cyprus agrees EU bailout deal

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Cyprus agrees EU bailout deal

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5 Views • Mar 25, 2013

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Cyprus has clinched a last minute deal with international lenders to secure a 10 billion euro bailout and avoid financial meltdown.

A casualty of the agreement will be its second largest bank which will close down inflicting heavy losses on uninsured depositors including many wealthy foreigners.

Eurogroup President, Jeroen Dijsselbloem said:

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http://www.euronews.net/