Final agreement has been reached on a €10 billion bailout for Cyprus at a meeting of eurozone finance ministers in Dublin on Friday (12 April).
Under the terms of the deal, the €10 billion package will be composed of €9 billion from the European Stability Mechanism (ESM) and €1 billion from the International Monetary Fund.
Speaking with reporters, EU economic affairs commissioner Olli Rehn admitted the bailout negotiations had been "a long and difficult process." He added that th...
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