Cyprus clinched a last-ditch deal with international lenders on Monday for a 10 billion euro ($13 billion) bailout that will shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians.<br/> <br />The agreement emerged after fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund - hours before a deadline to avert a collapse of the banking system.<br/> <br />The plan, swiftly endorsed by euro zone finance ministers, will spare the east Mediterranean island a financial meltdown by winding down Popular Bank of Cyprus, also known as Laiki, and shifting deposits below 100,000 euros to the Bank of Cyprus to create a "good bank".<br/> <br />(SOUNDBITE) (English) EUROGROUP CHAIRMAN JEROEN DIJSSELBLOEM, SAYING:<br/> <br />"Laiki bank will be resolved immediately with full contribution of equity shareholders, bondholders and uninsured depositors, and it will be split i
