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Cypriots' president defends bailout deal

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NICOSIA, Cyprus (AP) — Cyprus' president said Saturday that the decision to force bank depositors to share the burden of a €10 billion ($13 billion) bailout package from its European partners and the International Monetary Fund was done to save his country from financial ruin. Despite that assurance, nervous depositors rushed to ATM machines in Cyprus on Saturday to drain their accounts....

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