International Monetary Fund - €10 billion international bailout of Cyprus was agreed by the Troika

Time: Monday Mar 25, 2013

Place: Cyprus

Details: On 25 March 2013, a €10 billion international bailout of Cyprus was agreed by the Troika, at the cost to the Cypriots of its agreement: to close the country's second-largest bank; to impose a one-time bank deposit levy on Bank of Cyprus uninsured deposits. No insured deposit of €100k or less was to be affected under the terms of a novel bail-in scheme.

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