Cyprus and its institutional lenders have reached a bailout deal, according to reports citing European Union officials. As part of the agreement the country will impose a 40% haircut on Bank of Cyprus depositors holding more than 100,000 euros ($129,760) in their accounts, Agence France Presse reported
http://www.marketwatch.com/story/cyprus-troika-reach-bailout-deal-reports-2013-03-24?link=MW_home_latest_news
