Cyprus bailout: Last-ditch deal agreed
By : Al Jazeera English
Published On: 2013-03-25
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04:06
A last-minute deal on a bailout for Cyprus' crippled banks has been reached. After talks going into the early hours of Monday morning in Brussels - Eurozone ministers agreed a $13bn bailout to save the mediterranean island's banking system from collapse. The Cypriot president and finance minister held late night talks with European leaders in Brussels. Here's a wrap-up of what appears to be the terms of the 10bn-euro ($13bn) deal between Cyprus and international lenders.
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