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Cyprus adopts solidarity fund to receive EU-IMF bailout

22.03.13 @ 22:36

  1. By EUOBSERVER

The Cypriot parliament has voted to create a solidarity fund to pool state assets, a measure aimed at raising the €5.8 billion required to receive a €10 billion EU-IMF bailout. MPs are also expected to restructure Cyprus' Laiki bank Saturday. Eurozone finance ministers are to discuss the deal Sunday.