| Cyprus agrees €10bn bailout deal | Cyprus reached an eleventh-hour €10bn bailout deal with international lenders on Monday morning that avoids a controversial levy on bank accounts but will force large losses on big deposits in the island's two largest lenders.
The deal will allow the European Central Bank to keep its emergency lifeline open to Cypriot banks on Monday, preventing a meltdown of the financial sector that threatened the country's euro membership.
It was reached in after a stormy meeting of eurozone finance ministers that lasted almost 12 hours and included a threat by the Cypriot president to pull his country out of the euro.
http://link.ft.com/r/S4XZQQ/XBA6BX/C51OYF/ORYJCT/1OID78/VU/h?a1=2013&a2=3&a3=25
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