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Cyprus: Government, Troika Reach Bailout Agreement - President

Cyprus has reached an agreement with representatives of the European Commission, European Central Bank and International Monetary Fund on a bailout for the country, Cypriot President Demetris Christofias said in a statement Nov. 23, Xinhua reported. Christofias added that the full amount needed to recapitalize financial institutions is expected to be announced in early December.

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