Depositors will lose up to 10 percent of their savings as part of a €10 billion bailout for Cyprus agreed on Friday (15 March)
The Mediterranean island will become the fifth eurozone country to receive a rescue package after eurozone ministers reached agreement following all-night talks on Friday (15 March).
However, in a departure from all previous rescue packages, people with Cypriot bank accounts will share in the pain.
People with less than €100,000 face a 6.75 percent l...
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