Quote:
Cyprus appears to be edging closer to a bailout, with the central bank governor saying that the country will seek European Union aid if necessary.
The comments by Panicos Demetriades, made in an interview with the Financial Times, echo remarks on Friday by president Demetris Christofias.
Cyprus had previously firmly rejected suggestions of a bailout, but its banking system is exposed to Greece.
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http://www.bbc.co.uk/news/business-18318252
The bailout snowball appears to be gathering yet more momentum. Still it's relative small change really I suppose.
