Daily Archives: June 25, 2012

Archives June 25, 2012 posted by

BREAKING NEWS: Cyprus applies for EU bailout.



The government announced this afternoon that it has informed the EU of its decision to apply for financial assistance.

“The purpose of the required assistance is to contain the risks to the Cypriot economy, notably those arising from the negative spill over effects through its financial sector, due to its large exposure in the Greek economy,” a government statement said.

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