Cyprus issues EU bailout warning

AOL Money Staff
Euro coin
Euro coin

Cyprus could seek a European Union bailout to help recapitalise its banking sector before crucial elections in Greece this Sunday, its finance minister has warned.


Vassos Shiarly said that the Greek elections - seen as a vote on whether the debt-wracked country stays or leaves the eurozone - are a key factor to Cyprus' decision whether to become the fifth eurozone member to ask for EU bailout money.