Cyprus Reaches Last-Minute Deal On 10 Billion Euro Bailout -- Reuters
(Reuters) - Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro ($13 billion) bailout.
The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.
Without a deal, Cyprus's banking system would have collapsed and the country could have become the first to crash out of the European single currency.
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More News On The Cyprus Bailout
Cyprus bail-out: live -- The Telegraph
Cyprus agrees bailout deal with the eurozone - live -- The Guardian
Cyprus reaches ‘painful’ solution with EU to secure bailout and avert bankruptcy -- Washington Post/AP
Cyprus bailout: Large deposits will be seized and second-largest bank closed in €10bn EU bailout deal -- The Independent
Cyprus bailout deal with EU closes bank and seizes large deposits -- The Guardian
Cyprus seals last-minute bailout deal -- Al Jazeera
EU Deal Salvages Cyprus, Shutters Bank for Bailout -- Bloomberg Businessweek
Cyprus bailout deal reached -- Washington Post
EU approves new bailout deal for Cyprus -- CNN
Cyprus, Lenders Reach Bailout Deal -- Voice of America
E.U. Officials Agree to a Deal Rescuing Cyprus -- New York Times
Cyprus bailout stems turmoil -- The Australian
Cyprus agrees €10bn bailout as Barroso says recovery uncertain -- Irish Times
Eurozone ministers reach bailout deal on Cyprus -- New York Daily News/IANS/RIA Novosti
Cypriots Are Suspicious, But Bailout Deal Seems Set -- NPR
IMF Will Decide On Cyprus Bailout Contribution In Coming Weeks: Lagarde -- RTT
Cyprus bailout: Large deposits will be seized and second-largest bank closed in €10bn EU bailout deal -- The Independent
Cyprus bailout deal with EU closes bank and seizes large deposits -- The Guardian
Cyprus seals last-minute bailout deal -- Al Jazeera
EU Deal Salvages Cyprus, Shutters Bank for Bailout -- Bloomberg Businessweek
Cyprus bailout deal reached -- Washington Post
EU approves new bailout deal for Cyprus -- CNN
Cyprus, Lenders Reach Bailout Deal -- Voice of America
E.U. Officials Agree to a Deal Rescuing Cyprus -- New York Times
Cyprus bailout stems turmoil -- The Australian
Cyprus agrees €10bn bailout as Barroso says recovery uncertain -- Irish Times
Eurozone ministers reach bailout deal on Cyprus -- New York Daily News/IANS/RIA Novosti
Cypriots Are Suspicious, But Bailout Deal Seems Set -- NPR
IMF Will Decide On Cyprus Bailout Contribution In Coming Weeks: Lagarde -- RTT
EU approves new bailout deal for Cyprus -- CNN
Cyprus, Lenders Reach Bailout Deal -- Voice of America
E.U. Officials Agree to a Deal Rescuing Cyprus -- New York Times
Cyprus bailout stems turmoil -- The Australian
Cyprus agrees €10bn bailout as Barroso says recovery uncertain -- Irish Times
Eurozone ministers reach bailout deal on Cyprus -- New York Daily News/IANS/RIA Novosti
Cypriots Are Suspicious, But Bailout Deal Seems Set -- NPR
IMF Will Decide On Cyprus Bailout Contribution In Coming Weeks: Lagarde -- RTT
Cyprus bailout deal 'fair': German finance minister -- Global Post/AFP
Putin says Russia could restructure Cyprus loan -- AFP
Cyprus Continues to ‘Plunder the Loot’ in Bailout, Medvedev Says -- Bloomberg Businessweek
Russia backstops Cyprus bailout despite anger -- Reuters
Cyprus Deposit Haircut is ‘Legalized Theft’ Says Russian Businessman -- RIA Novosti
Cyprus, Lenders Reach Bailout Deal -- Voice of America
E.U. Officials Agree to a Deal Rescuing Cyprus -- New York Times
Cyprus bailout stems turmoil -- The Australian
Cyprus agrees €10bn bailout as Barroso says recovery uncertain -- Irish Times
Eurozone ministers reach bailout deal on Cyprus -- New York Daily News/IANS/RIA Novosti
Cypriots Are Suspicious, But Bailout Deal Seems Set -- NPR
IMF Will Decide On Cyprus Bailout Contribution In Coming Weeks: Lagarde -- RTT
Cyprus bailout deal 'fair': German finance minister -- Global Post/AFP
Putin says Russia could restructure Cyprus loan -- AFP
Cyprus Continues to ‘Plunder the Loot’ in Bailout, Medvedev Says -- Bloomberg Businessweek
Russia backstops Cyprus bailout despite anger -- Reuters
Cyprus Deposit Haircut is ‘Legalized Theft’ Says Russian Businessman -- RIA Novosti