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Friday, April 12, 2013

Cyprus bailout swells to $30 billion

An elderly man passes an empty closed shop with a sign reading in Greek " To rent" in central Nicosia, Cyprus, Tuesday, April 9, 2013. Last month, Cyprus agreed that bondholders, investors and savers with more than 100,000 euros in the country's two largest — and most troubled — banks will take significant losses in exchange for a 10 billion euro ($13 billion) rescue package. (AP Photo/Petros Karadjias)BRUSSELS (AP) — The cost of bailing out Cyprus has swollen to 23 billion euros ($30 billion), with the crisis-hit country having to take on the lion's share of the measures needed to avoid bankruptcy, according to a draft document by the country's international creditors.



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