13/09/2012 (Agence Europe) - Go-ahead for recapitalisation of second biggest bank in Cyprus. On Thursday 13 September, the European Commission announced that it had given temporary approval for a state bailout by Cyprus of the Cyprus Popular Bank, the second biggest bank in the country, through a recapitalisation operation. This recapitalisation (€1.8 billion) was agreed for financial stability reasons by the Cypriot authorities and complies with “EU state aid rules because it is limited...