MPs approve vital measures to keep Cyprus afloat

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euronews (in English)
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MPs in Cyprus have voted to create a 'national solidarity fund', to restructure the island's banks and to give the government power to impose capital controls in order to prevent a bank run.

The late night emergency session approved the measures in a dramatic bid to avoid an imminent financial meltdown.

The lawmakers are working to a Monday deadline.

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http://www.euronews.net/

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