Article source
BBC News
Article date
Tue, Apr 2, 2013
Article link
Cyprus has agreed to a set of measures that will release a 10bn-euro (£8.5bn; $12.8bn) international bailout.
The International Monetary Fund (IMF), which is contributing 1bn euros, says they are "challenging" and will require "great efforts" from its population.
They will mean a doubling of taxes on interest income to 30% and a rise in corporation tax from 10% to 12.5%.
The plan, designed to stabilise the banking system and government finances, was agreed in principle last week.