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    Eurogroup and IMF agree on Cyprus bailout

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    euronews (in English)

    by euronews (in English)

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    After ten hours of talks the deal was struck!
    Eurozone finance ministers and IMF chief Christine Lagarde agreed to a ten billion euro bailout for Cyprus - seven billion short of what the island nation was asking for.

    Cash-strapped Cyprus has now become the fifth country to turn to the eurozone for financial help in a bid to stave off bankruptcy.

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