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    Cyprus agrees EU bailout deal

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    Cyprus has clinched a last minute deal with international lenders to secure a 10 billion euro bailout and avoid financial meltdown.

    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.

    Eurogroup President, Jeroen Dijsselbloem said:

    ...
    http://www.euronews.net/