Report: Cyprus Bailout Bid Imminent

Published June 25, 2012

| Reuters

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 recapitalise 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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