Cypriot bank deposits hit in €10bn bailout deal


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Financial Times
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Saturday March 16 2013

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Cypriot bank deposits hit in €10bn bailout deal
International lenders agreed to a €10bn bailout of Cyprus early on Saturday morning after 10 hours of negotiations, but the deal came only after convincing Nicosia to force depositors in Cypriot banks to contribute €5.8bn to the rescue, a first for any eurozone bailout.
http://link.ft.com/r/LVA6WW/B4QLFJ/M9C43G/WTRIG8/IEB505/KI/h?a1=2013&a2=3&a3=16
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