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Cypriot authorities contend that the banks' needs are notably less than
euro10 billion. An exact figure on the banks' needs is expected sometime in the middle of this month, when international investment firm PIMCO and auditors Deloitte finish looking through the lenders' books. Cyprus' eurozone partners will decide on the country's bailout deal on Jan. 21. The government says it has enough money to pay its bills until March, when it hopes to receive the first installment of bailout money once an accord is signed. A new government takes over March 1. Cyprus' economy -- the third smallest in the eurozone -- is projected to shrink this year by 3.5 percent while the jobless rate is forecast to reach 13.7 percent.
[Associated
Press;
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