Cyprus seeks €11.5 billion bailout

EUObserver reported that Cyprus was reportedly seeking a €11.5bn credit line from EU Member States using the euro to help bailout its troubled banks and close its budget gaps.

• Primary Source

ESO: Background Information: Cyprus juggles EU and Russian support http://www.europeansources.info/record/cyprus-juggles-eu-and-russian-support/

ESO: Background information: Cyprus requests eurozone bailout http://www.europeansources.info/record/cyprus-requests-eurozone-bailout/

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