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BAIL-OUT PAIN

5th April 2013

  

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Cypriot Finance Minister Michael Sarris showing strain during a news conference held in Brussels, Belgium, in late March to confirm that a last-ditch bail-out deal had been struck. Cyprus agreed to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a €10-billion bail-out.

Edited by Creamer Media Reporter

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