Cyprus may need a bailout of up to 10 billion euros
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.
Cyprus received 2billion euros on Monday as the first installment of its international billion dollar bailout package which will be expected to follow by another 1billion euros before 30 th June according to the European Stability Mechanism.