Eurozone finance ministers have agreed a 10bn-euro bailout deal for Cyprus to prevent its banking system collapsing and keep the country in the eurozone.
Laiki (Popular) Bank - the country's second-biggest - will be wound down and deposit-holders with more than 100,000 euros ($130,000; £85,000) will face big losses.
However, all deposits under 100,000 euros will be "fully guaranteed".
The European Central Bank had set a deadline of Monday for a deal.
Source: BBC. Read full article. (link)