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Fallout from Cyprus Financial Deal

Cyprus struck a deal with the European Union and the International Monetary Fund in which the small Island nation will get $13 billion in aid. To earn that money, though, Cyprus has to overhaul its banking sector and analysts say the result could be crippling.
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Cypriot students shout slogans as they stand at an entrance of the presidential palace in capital Nicosia, on March 26, 2013. The banner on the left reads in Greek " people fight they drink your blood".
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Cypriot students shout slogans as they stand at an entrance of the presidential palace in capital Nicosia, on March 26, 2013. The banner on the left reads in Greek " people fight they drink your blood".

A man passes a sprayed entrance of a store that buys gold which reads in Greek " thieves" in capital Nicosia, Cyprus, March 25, 2013. Cyprus secured what its politicians described as a “painful” solution to avert imminent bankruptcy while banks across Cyprus remain firmly padlocked.
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A man passes a sprayed entrance of a store that buys gold which reads in Greek " thieves" in capital Nicosia, Cyprus, March 25, 2013. Cyprus secured what its politicians described as a “painful” solution to avert imminent bankruptcy while banks across Cyprus remain firmly padlocked.

An employee of the Bank of Cyprus weeps during a protest at Cyprus central bank in Nicosia, Cyprus, March 26, 2013. Cypriot businesses were under increasing strain to keep running on Tuesday after financial authorities stretched the country’s bank closure into a second week amid fears that depositiors will rush to drain their accounts.
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An employee of the Bank of Cyprus weeps during a protest at Cyprus central bank in Nicosia, Cyprus, March 26, 2013. Cypriot businesses were under increasing strain to keep running on Tuesday after financial authorities stretched the country’s bank closure into a second week amid fears that depositiors will rush to drain their accounts.

An employee of the Bank of Cyprus holds a placard reading, 'Traitor Demetriades,' referring to Cyprus Central Bank Governor Panicos Demetriades, during a protest outside the central bank of Cyprus by its employees, in Nicosia, March 26, 2013.
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An employee of the Bank of Cyprus holds a placard reading, 'Traitor Demetriades,' referring to Cyprus Central Bank Governor Panicos Demetriades, during a protest outside the central bank of Cyprus by its employees, in Nicosia, March 26, 2013.

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