International News: EU finance ministers approve Cyprus bailout deal

International News International News Supplied by AP

EU finance ministers approve Cyprus bailout deal Mar 25th 2013, 05:25 BRUSSELS (AP) — Cyprus avoided bankruptcy, and potential turmoil across the eurozone, by securing a last-minute 10 billion euro ($13 billion) bailout with promises to sharply cut back its oversized banking sector and make large bank account holders take losses to help pay much of the bill. Media files: 4b8bac6b-efbf-4f95-bae9-099fd9533179.jpg (image/jpeg, 0 MB)

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