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Cyprus agrees EU bailout deal

2013-03-25 5 Dailymotion

Cyprus has clinched a last minute deal with international lenders to secure a 10 billion euro bailout and avoid financial meltdown.<br /><br />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.<br /><br /> Eurogroup President, Jeroen Dijsselbloem said:<br /><br />...<br />http://www.euronews.net/

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