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måndag, mars 25, 2013

E.U. Ministers Agree on Bailout Package for Cyprus




Sunday, March 24, 2013 10:34 PM EDT (UTC - 4 hours)





European Union leaders agreed on a bailout package intended to keep Cyprus in the euro zone and rebuild its devastated economy.
The deal, struck after hours of meetings, was approved by the finance ministers from the euro zone, the 17 countries that use the common currency. It would drastically prune the size of Cyprus’s oversized banking sector and scrap the highly controversial idea of a tax on bank deposits, although it would still require forced losses for depositors and bondholders.

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http://www.nytimes.com/2013/03/25/business/global/cyprus-and-europe-officials-agree-on-outlines-of-a-bailout.html?emc=na

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