Euro minister cautious on size of any Cyprus bailout

Cyprus should get an international bailout closer to 10 billion euros than the bigger figures that have been widely reported, the leader of the euro finance ministers’ group said.

The 17 Eurogroup ministers will meet on Friday in Brussels after an EU leaders’ summit to discuss financial help for Cyprus, officials say.

The meeting, which follows a mission by the ‘troika’ of international lenders to Cyprus, raises expectations that the euro zone is close to sealing a package of aid that the Mediterranean island asked for last June.

via Business feed http://www.scmp.com/business/economy/article/1190534/euro-minister-cautious-size-any-cyprus-bailout