NICOSIA (Reuters) - Cyprus launched a last-ditch bid with potential lenders on Friday to get financial aid needed before coffers in the tiny euro zone economy start running dry. Battered by its exposure to debt-crippled Greece, Cyprus sought a full bailout from the EU and the IMF in June to buffer its banks and plug widening deficits after attempts to secure a credit line from Russia failed. The government has said it could have difficulties paying salaries in December. It is currently heavily reliant on short-term financing from domestic banks. ...
 |
| READ THE ORIGINAL POST AT news.yahoo.com |