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    Eurogroup and IMF agree on Cyprus bailout

    euronews (in English)

    by euronews (in English)

    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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