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Cyprus scrambles to avert meltdown, EU threatens cutoff
By Michele Kambas and Matt Robinson NICOSIA (Reuters) – Cyprus considered nationalizing pension funds and ordered banks to stay shut till next week to avert financial chaos after it rejected the terms of a European Union bailout and turned to Russia for aid. Crisis talks among the political leadership in Nicosia are set to resume on Thursday after late-night meetings to discuss a “Plot B” broke up on Wednesday without result
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Cyprus scrambles to avert meltdown, EU threatens sever
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