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The Cyprus government deposited Tuesday 2.5 billion euros ($3.1 billion) into the island-nation's troubled Cooperative Bank in an attempt to dispel any uncertainty over its future. Government Spokesman Prodromos Prodromou said he hoped the deposit, mainly in the form of a bond issue, aimed to protect savers and quash any "irresponsible rumors" about the bank's prospects.The sale of a majority stake in the bank is expected to be completed within a month, he added.The bank is 77-percent state-owned and is the No. 1 bank for domestic deposits.
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