International lenders, Cyprus reach deal on bailout- source

BRUSSELS, March 16 Fri Mar 15, 2013 9:50pm EDT

BRUSSELS, March 16 (Reuters) - International lenders and Cyprus have reached a deal to bail out the Mediterranean island with measures that include a 9.9 percent one-off levy on bank deposits, a senior euro zone source involved in the negotiations said early on Saturday.

The deal came after almost 10 hours of talks of euro zone finance ministers and the troika of European Commission, European Central Bank and International Monetary Fund.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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