Cypriot authorities the so-called troika international lending institutions - the European commission, European central bank and the international monetary fund - the 10 billion euro bailout loans reached an agreement. A look at the key parts of the process:
- Cyprus had to somehow out of euro 5.8 billion, to ensure that the rescue.
Depositors in the country's second largest bank Laiki will lose more than 100000 euros account the amount of their money is unknown. The move is expected to generate 4.2 billion euros overall - or most of the required quantity.
The rest of the money will come from tax increases and privatization.
- Cyprus had to agree to restructure its banking sector of the economy, it is very big.
- Laiki will immediately dissolved, split into a "good bank" and a "bad bank". Laiki part of the "good bank" will be charged to the biggest bank, bank of Cyprus.
 
 



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