Cyprus scrambling back from the brink of bankruptcy

A year after a financial earthquake shattered years of prosperity in Cyprus, an austerity plan has put the eastern Mediterranean island back on track despite the bitter pill of rising unemployment.

Cyprus, euro zone partners reach 10-billion euro bailout deal

Restructuring the Cypriot banks has been one of the main demands of the EU, which regards the island's banking sector as "too big" compared to its economic output.