Cyprus starts bailout talks with EU, IMF officials

Published July 3, 2012 7:39pm ET



NICOSIA, Cyprus (AP) — Cyprus began talks Tuesday with the European Union and the International Monetary Fund to gauge how much bailout money it may need to prop up banks weighed down by their huge exposure to Greek debt.

Finance Minister Vassos Shiarly said officials from the so-called ‘troika’ — the European Commission, the European Central Bank, and the IMF — will meet with Cyprus government and central bank authorities, among others, during the course of the week to gather information.

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