European finance ministers have agreed an £8.7bn bailout for Cyprus which includes all Cypriot bank customers handing over up to 10% of their savings. Cyprus becomes the fifth country after Greece, Ireland, Portugal and Spain to turn to the eurozone for financial help amid the region's debt crisis, but also faces a possible run on its banks as depositors try to avoid losing up to 10% of their savings. The savers, half of whom are thought to be Russian, will raise almost €6bn. It is the first time a bailout has included such a measure. "I wish I was not the minister to do this," the Cypriot finance minister, Michael ... (full story)