Eurozone tackles sensitive Cyprus debt bailout
- Published: 15 Mar 2013 at 22.49
- Online news: World
Eurozone finance ministers thrashed out a bailout for Cyprus late on Friday, edging towards a new and reduced framework for a fifth member state in the three-year debt crisis.
Greek, German and French euro coins are displayed in Paris on September 14, 2011. Eurozone finance ministers began talks to thrash out a difficult but important bailout for Cyprus, the fifth member state to need help in the face of a debilitating debt crisis.
Officials said the price tag for Cyprus would almost certainly come in at around 10 billion euros -- small compared with rescues for Greece worth some 380 billion euros ($496 billion), Ireland's 85 billion euros, Portugal's 78 billion and 41 billion for Spanish banks.
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