BREAKING NEWS

Source: Cyprus set to make bailout bid Monday

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."
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use

Read all Tweets >