Cyprus bailout package secured

AOL Money Staff
Cyprus
Cyprus

Cyprus secured a 10 billion euro (£8.5 billion) package of rescue loans in tense negotiations, saving the country from a banking system collapse and bankruptcy.


"We've put an end to the uncertainty that has affected Cyprus and the euro area over the past week," said Jeroen Dijsselbloem, who chairs the meetings of the 17-nation eurozone's finance ministers.
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