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Cyprus, Seeking Aid, Says Greek Bailout Damaged Banking Sector

The finance minister of the island nation, Vassos Shiarly, criticized international lenders on Friday for imposing losses on banks with exposure to Greece.

 

Cyprus bailout may equal half its economy

Cyprus Bailout

Cyprus, the fifth euro zone country to seek emergency funding from Europe, may need a bailout of up to 10 billion euros — over half the size of its economy — officials said.

 

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