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Update news eurozone finance ministers
The eurozone has given Greece until Thursday to present new proposals to secure a deal with creditors, and has called a full EU summit for Sunday.
Eurozone finance ministers have approved reform proposals submitted by Greece in order to obtain a four-month extension of its bailout.
EU and IMF officials struck a last-minute deal with Cyprus early Monday to resurrect a bailout for the island -- but one banking chain goes to the wall and major clients, who include many Russians, will take a giant hit.