Cyprus set to make bailout bid Monday-source

LONDON, June 25 Mon Jun 25, 2012 11:29am EDT

LONDON, June 25 (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."

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.