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MAR 25, 2013 - The Independent

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Editorial: Cyprus - a lesson in how little has been learned

After a hair-raising week of wrangling, threats and public protest, a deal to rescue Cyprus from the collapse of its outsized banking system was finally reached in the small hours of yesterday morning. With President Nicos Anastasiades’s agreement to radically restructure Laiki and Bank of Cyprus – leaving depositors with more than €100,000 with heavy losses – the crucial €10bn to come from the EU, the IMF and the European Central Bank has been secured.

Tags: Editorial: Cyprus - a lesson in how little has been learned,  Imf Latest News