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Cyprus to ask for bailout from eurozone partners
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Cyprus to ask for bailout from eurozone partners
Cyprus has told the European authorities that it intends to apply for financial assistance, the fifth eurozone member to do so. It said it needs help to shore up its banks, which are heavily exposed to the Greek economy. The announcement came on another day of nervousness about the single currency. Shares in Italy, Spain and Greece fell sharply amid concerns that an EU summit this week will again fail to produce a deal to shore up the euro....Read more here: BBC News - Cyprus to ask for bailout from eurozone partnersTags: None
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