Bloomberg News

Cypriot Banks May Need $12.6 Billion Rescue, Phileleftheros Says

July 04, 2012

Cyprus’s lenders may need as much as 10 billion euros ($12.6 billion) of support, according to a first estimate by the troika delegation that’s on a fact-finding mission to the island, Phileleftheros reported, without saying where it got the information.

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To contact the reporters on this story: Stelios Orphanides in Nicosia at sorphanides@bloomberg.net;

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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