"People in Cyprus have reacted with shock to news of a one-off levy of up to 10% on savings as part of a 10bn-euro (£8.7bn; $13bn) bailout agreed in Brussels. Savers could be seen queuing at cash machines amid resentment at the charge. The deal reached with euro partners and the IMF marks a radical departure from previous international aid packages. President Nicos Anastasiades defended it as a "painful" step, taken to avoid a disorderly bankruptcy. It had, he said in a statement, been a choice between the "catastrophic scenario of disorderly bankruptcy or the scenario of a painful but controlled management of the crisis". The Cypriot leader, who was elected last month on a promise to tackle the country's debt crisis, will address the nation on Sunday."
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