Eurozone approves Cyprus bailout terms
Eurozone approves Cyprus bailout terms Updated: 23:15, Friday April 12, 2013 Eurozone finance ministers formally approved the terms of a Cyprus debt bailout, after some confusion over whether it needed revision, saying it could now go ahead once cleared by national parliaments.
Cyprus, the fifth euro zone country to seek emergency funding from Europe, may need a bailout of up to 10 billion euros, over half the size of its economy, officials said to Reuters.