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Cyprus is seeking a bailout from its European partners to stabilize its ailing banks and keep the government afloat, likely totaling as much as
euro17 billion ($23 billion), or roughly the equivalent of the country's annual gross domestic product.
Germany and other nations have voiced skepticism on the bailout, alleging Cypriot banks have failed to halt money-laundering by their many Russian clients.
Cyprus rejects the allegations saying it has enacted the necessary EU laws. | 
