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Cyprus clinches EU/IMF bailout deal

A govt. spokesperson said an official announcement from Brussels will be made later this afternoon.

European Union flags. Picture: AFP

NICOSIA - Cyprus has agreed a bailout package with the European Union and the IMF and the deal will be confirmed later on Friday by the lenders, the island's government spokesman said on Friday.

"We are awaiting the official announcement from Brussels in the afternoon," spokesman Stefanos Stefanou told reporters.

The government is already briefing political leaders and social partners on the terms of the deal, Stefanou added.