Source: Cyprus set to make bailout bid Monday

By REUTERS
June 25, 2012 18:45

 
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LONDON - Cyprus is expected to submit a bid to Europe's EFSF bailout fund within hours, an EU source said on Monday, as the country faces less than a week to recapitalize its second-largest lender.

"We expect the application, requesting admission to the EFSF support mechanism, to be submitted today," the source told Reuters. "It is a question of a matter of hours."

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