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[00:01.07]BBC News with Marion Marshall.
[00:03.27]The president of Cyprus, Nicos Anastasiades, has defended a 10bn euro bailout deal to save the country’s banks from collapse.
[00:10.77]Mr Anastasiades, who negotiated the agreement with the EU and the IMF in Brussels,
[00:15.88]said in a televised address that the agreement laid the foundation for the future of the country.
[00:21.25]"Cyprus found itself at(on) the brink of economic disaster.
[00:27.63]Our choices were not easy and it was not an easy environment.
[00:33.34]After hard negotiation to a sense of responsibility, we got to a conclusion that safeguards the future of the country.
[00:47.50]The agreement is hard, but under the circumstances it is the best possible we could have achieved.”
[00:55.36]The Cyprus deal protects small savers, but depositors with more than 100,000 euros, many of whom are Russian, face big losses.
[01:03.15]The British Prime Minister David Cameron has announced plans to tighten the rules on state welfare to immigrants.
[01:09.59]People from other European Union countries will lose unemployment benefits after six months unless they can prove they have a reasonable chance of finding work.
[01:17.64]Rob Watson has more.