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Cyprus closes in on EU bailout, U-turn on levy

Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis

Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis

Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis
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Cypriot shop owners chat about the dire financial situation of their country in Nicosia's shopping district March 22, 2013. REUTERS/Yannis Behrakis

Cypriot shop owners chat about the dire financial situation of their country in Nicosia's shopping district March 22, 2013. REUTERS/Yannis Behrakis

Cypriot shop owners chat about the dire financial situation of their country in Nicosia's shopping district March 22, 2013. REUTERS/Yannis Behrakis
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Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis

Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis

Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis
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A sign (L) informs depositors that they can withdraw a maximum of 260 Euros, as people queue up to make transactions at an ATM of Laiki Bank in Nicosia March 22, 2013. REUTERS/Yannis Behrakis

A sign (L) informs depositors that they can withdraw a maximum of 260 Euros, as people queue up to make transactions at an ATM of Laiki Bank in Nicosia March 22, 2013. REUTERS/Yannis Behrakis

A sign (L) informs depositors that they can withdraw a maximum of 260 Euros, as people queue up to make transactions at an ATM of Laiki Bank in Nicosia March 22, 2013. REUTERS/Yannis Behrakis
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Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis

Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis

Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis
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Protesters take part in an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis

Protesters take part in an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis

Protesters take part in an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Andreas Manolis
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People queue up to make a transaction at an ATM machine outside a closed Cyprus Popular Bank (CPB) branch in Athens March 22, 2013. REUTERS/John Kolesidis

People queue up to make a transaction at an ATM machine outside a closed Cyprus Popular Bank (CPB) branch in Athens March 22, 2013. REUTERS/John Kolesidis

People queue up to make a transaction at an ATM machine outside a closed Cyprus Popular Bank (CPB) branch in Athens March 22, 2013. REUTERS/John Kolesidis
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Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Yorgos Karahalis

Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Yorgos Karahalis

Protesters shout slogans during an anti-bailout rally by employees of Cyprus Popular Bank outside the parliament in Nicosia March 22, 2013. REUTERS/Yorgos Karahalis
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German Chancellor and head of the Christian Democratic Union (CDU) Angela Merkel (L) talks with Finance Minister Wolfgang Schaeuble before a joint parliamentary faction meeting of the CDU and its sister party, Christian Social Union (CSU) to discuss a Cyprus bailout plan in Berlin, March 22, 2013. REUTERS/Thomas Peter

German Chancellor and head of the Christian Democratic Union (CDU) Angela Merkel (L) talks with Finance Minister Wolfgang Schaeuble before a joint parliamentary faction meeting of the CDU and its sister party, Christian Social Union (CSU) to discuss...more

German Chancellor and head of the Christian Democratic Union (CDU) Angela Merkel (L) talks with Finance Minister Wolfgang Schaeuble before a joint parliamentary faction meeting of the CDU and its sister party, Christian Social Union (CSU) to discuss a Cyprus bailout plan in Berlin, March 22, 2013. REUTERS/Thomas Peter
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German Finance Minister Wolfgang Schaeuble talks with a member of parliament before a joint faction meeting of the Christian Democratic Union (CDU) and its sister party, Christian Social Union (CSU), to discuss a Cyprus bailout plan in Berlin, March 22, 2013. REUTERS/Thomas Peter

German Finance Minister Wolfgang Schaeuble talks with a member of parliament before a joint faction meeting of the Christian Democratic Union (CDU) and its sister party, Christian Social Union (CSU), to discuss a Cyprus bailout plan in Berlin, March...more

German Finance Minister Wolfgang Schaeuble talks with a member of parliament before a joint faction meeting of the Christian Democratic Union (CDU) and its sister party, Christian Social Union (CSU), to discuss a Cyprus bailout plan in Berlin, March 22, 2013. REUTERS/Thomas Peter
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