21/12/2012 (Agence Europe) - Private sector to accept a write-down? German newspaper Süddeutsche Zeitung says that the situation in Cyprus is much worse than in Greece and the IMF will be recommending a partial default of the island with the private sector agreeing to a write-down as a precondition for IMF involvement in any financial bailout (the details of which are currently under negotiation). Cypriot sources says that the IMF has never said anything of the sort, but the country's...