| EU ministers approve Cyprus bailout deal | EU ministers have approved a deal that Cyprus reached with international bailout negotiators last night, paving the way for the closure of the island's second-largest bank and forcing big losses on large depositors in the country's biggest lender.
The 17 eurozone finance ministers signed off on the agreement in the early hours of Monday in Brussels. The agreement will come as a relief, since deals by the so-called troika – the International Monetary Fund, European Central Bank and European Commission – have been unpicked by ministers in the past.
http://link.ft.com/r/M2ZOXX/6AD71K/YHDR05/8Z6WPV/7ZRS4Q/9A/h?a1=2013&a2=3&a3=24
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