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Episode details

World Service,21 Mar 2013,18 mins

Will Russia save Cyprus from bankruptcy?

World Business Report

Available for over a year

With Cyprus facing tough bailout conditions from its euro partners and huge uncertainty over whether the parliament will accept any sort of levy on ordinary bank accounts, we ask whether Russia will step in with extra money. The BBC's Nigel Cassidy reports live from Nicosia for a second day, as it is announced that the banking system will remain shut down until at least next Tuesday. Also the UK's 2013 budget is unveiled, with the country facing more austerity and less growth. And the Spanish company that's shaking up Valencia's baking industry with cut-price bread.

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