12/06/2012 17:45
Cyprus will ask for help from EU
Eurozone member Cyprus has strongly hinted that it may have to apply for an international bailout before the end of this month, both for its banks and its general coffers, the Telegraph reports.
"The issue is urgent. We know the recapitalisation of the [island's] banks must be completed by June 30, and there are a few days left," Finance Minister Vassos Shiarly told journalists.