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WN: Cyprus Salvaged After EU Deal Shuts Bank to Get $13B - Bloom


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Cyprus dodged a disorderly sovereign default and unprecedented exit from the euro by bowing to demands from creditors to shrink its banking system in exchange for 10 billion euros ($13 billion) of aid.

http://www.worthynews.com/top/bloomberg-com-news-2013-03-25-cyprus-to-chop-banking-system-to-win-aid-avoid-default-html/

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