Cyprus has next few hours 'to settle fate'

Cypriot MPs are due to vote today on a raft of new measures they hope will qualify the country for a bailout package and avoid financial ruin next week. But officials in Brussels and Berlin gave no indication it would be enough.

Cyprus has next few hours 'to settle fate'

Cypriot MPs are due to vote today on a raft of new measures they hope will qualify the country for a bailout package and avoid financial ruin next week. But officials in Brussels and Berlin gave no indication it would be enough.

Cyprus needs to find a way to raise the €5.8bn to qualify for €10bn in rescue loans from other eurozone countries and the International Monetary Fund.

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