Eurozone approves Cyprus bailout terms

DUBLIN (AFP) - Euro-zone finance ministers formally approved on Friday the terms of a Cyprus debt bailout, saying it could now go ahead once cleared by national parliaments.

Dutch Finance Minister Jeroen Dijsselbloem, head of the 17-nation euro group, said the ministers "welcomed the staff level agreement achieved between Cyprus" and its international creditors, with the terms "fully in line with" a March 25 accord.