Cyprus on Monday (25 June) became the fifth euro country to ask for help from the zone's bailout funds, hours after Spain formalised its request for a bank rescue.
"I welcome the formal application for financial assistance that I have received today from the Cypriot authorities," Eurogroup chief Jean-Claude Juncker said in a statement, adding that the eurozone finance ministers he presides over will respond "swiftly."
A "necessary policy conditionality" accompanying the bailout ...
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