Euro zone ready to discuss new bailout proposal from Cyprus

The euro zone is ready to discuss a new draft proposal from Cyprus that it expects to receive soon, the bloc's finance ministers said in a statement after a conference call on Thursday to discuss the crisis in the island nation.

Euro zone ministers reaffirmed the importance of fully guaranteeing bank deposits below 100,000 euros in the European Union, the Eurogroup statement said.

(Reporting by George Georgiopoulos, editing by Deepa Babington)