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Image header Agence Europe
Europe Daily Bulletin No. 10642
ECONOMY - FINANCES / (ae) cyprus

Nicosia asks eurozone for aid

Brussels, 26/06/2012 (Agence Europe) - Cyprus is the fifth eurozone nation to ask for financial aid from its partners (Cyprus joined the euro in January 2008), needed to bail out its banks and also the economy, suffering from its huge exposure to the Greek economy (see EUROPE 10639). “The government of the Republic of Cyprus has today informed the appropriate European authorities of its decision to submit to euro area member states a request for financial assistance”, read a statement...

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