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Cyprus not asking for more bailout money, mulls ea

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Post# of 28537
Posted On: 04/12/2013 6:30:29 AM
Posted By: testdemo
Cyprus not asking for more bailout money, mulls early EU structural funds: officials

A child tries to reach an ATM machine at a branch of Laiki Bank in Nicosia DUBLIN (Reuters) - Cyprus is not asking for a bigger bailout from the euro zone and the International Monetary Fund above the agreed 10 billion euros, but is considering putting the EU structural funds to earlier use to help the country's growth, EU officials said. Euro zone finance ministers gave political backing to 10 billion euros of loans for the Mediterranean island on Friday and said there were no plans or requests to raise that amount. ...




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