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Cyprus financial crisis

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Cypriot politicians move to restructure the country's most troubled bank as part of a broader bailout plan that must be in place by March 25, 2013, to avoid financial ruin.

A "Plan B" was needed after lawmakers soundly defeated the earlier proposal to seize up to 10 percent of all domestic deposits to raise the 5.8 billion euros. - AP

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More: Cyprus finance minister says he is fully committed to the bailout deal, believes Cypriot parliament will approve - @Reuters

Capital controls in Cyprus designed to prevent large amounts of money from leaving the country have been extended by a week - @CNBCWorld