Next in line - Cyprus requests Eurozone bailout

Cyprus has become the fifth Eurozone country to seek an international bailout amid mounting economic problems and fresh challenges for its banks after a credit-rating agency downgrade.

Bowing to Eurozone pressure, the cash-strapped government said it had asked for help, just days before a deadline to recapitalise one of the country's largest banks ... READ MORE

Released by the Financial Times - 25 June 2012