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IMF approves €84.7mn Cyprus bailout loan

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The bailout would save Cyprus from bankruptcy and possibly guarantee its future in the eurozone. International Monetary Fund (IMF) has agreed to grant 84.7 million euros (USD 113.1 million) in financial aid to Cyprus, as part of a 10-billion-euro bailout program to the debt-stricken country. On Monday, the IMF said it agreed, in partnership with the European Union, on the bailout package for Cyprus,... 
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