No increase in aid to Cyprus, Luxembourg finance m

BERLIN (Reuters) - The finance minister of Luxembourg said on Friday that Europe and the International Monetary Fund could not increase their 10 billion contribution to a bailout for Cyprus despite news that the cost to the island is going to be higher than expected. "I believe the policy will be that the volume will remain at 10 billion," Luxembourg's Luc Frieden told German radio from Dublin, where European Union finance ministers were due to meet. Restructuring its banks will eventually reduce the island's financing needs and other measures would help it bridge the gap, he said. ...