Cyprus and Europe Officials Agree on Outlines of a BailoutQuicklink submitted by Sheila Samples Permalink
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|Struggling into the early-morning hours to avoid a collapse of Cyprus's banking system, European Union leaders on Monday agreed on a bailout package intended to keep Cyprus in the euro zone and rebuild its devastated economy. The deal would scrap the highly controversial idea of a tax on bank deposits, although it would still require forced losses for depositors and bondholders.|
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