Cyprus edged back from the brink of bankruptcy on Friday (22 March) after MPs agreed to a series of emergency reforms in a bid to avoid financial meltdown and a traumatic exit from the euro.
Facing a Monday deadline (25 March) to agree on a rescue package before the European Central Bank withdraws its emergency lending programme from Cypriot banks, MPs adopted legislation to restructure the country's fragile banking sector by giving the government the power to split up institutions into...
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