News Headline Summary

Cypriot president says as much as EUR 10bln needed to support banks and EUR 1.5bln will be needed for state deficits

Update details:

- The amount of EUR 10bln to recapitalise Cypriot banks is in-line with press reports, and it is expected that Cyprus may need as much as EUR 17.5bln of aid which is almost the size of the country’s economy.

Print 18:01, 04 Dec 2012 - Economic commentary - Source: Newswires