These are to be repaid with interest through a levy on sales, but the governments share some of the commercial risk, so Airbus is getting capital more cheaply than it might on the open market.

ECONOMIST: Thank you, Singapore

Correspondents say Germany has pushed hard for a levy on investors who have benefited from high interest rates in recent years, rejecting a Cypriot plan to use money from pension funds.

BBC: Cyprus bailout: Deal reached in Eurogroup talks