Cyprus secures €10bn bailout!

Cyprus the latest country in financial crisis! Cyprus just secured a €10bn bailout in return for shut down of its 2nd largest bank with strict levies being applied to uninsured saving deposits. This news comes as the International Monetary Fund (IMF) just completed its ninth review of the Ireland’s latest performance figures as part of the 2011 EU bailout agreement. IMF confirmed Ireland is moving in the right direction, showing positive signs with 0.9% growth and a slight increase in employment in 2012.

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