Central Bank of Cyprus supports bailout request


The Central Bank of Cyprus today (June 26) backed the country's government in deciding to ask for a European bailout.

The government sought support from the European Financial Stability Fund late yesterday. The central bank explained the need was to recapitalise banks that were unable to secure sufficient private funds to strengthen their positions ahead of the deadline set by the European Banking Authority in June 2012.

"In these challenging economic times, in which pressures on public finances

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: