Cyprus Salvaged After EU Deal Shutters Bank in for $13B Bailout – Businessweek

Cyprus Salvaged After EU Deal Shutters Bank in for $ 13B Bailout
Businessweek
Cyprus dodged a disorderly default and unprecedented exit from the euro currency by bowing to demands to shrink its banking system in exchange for a 10 billion-euro ($ 13 billion) bailout.

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