Cyprus face EU pressure to take bailout package

Note: This section contains information in English only.
Source: Bloomberg
European officials are adding pressure on Cyprus to accept a full rescue package worth around EUR 10 billlion (USD 12.7 billion). In contrast Cyprus currently is interested in restricting any external help to its financial system. Cyprus also is in talks with Russia about possible loan. Cyprus does not want to accept bailout money since it will be required to fulfil the same austerity requirements which faced Portugal, Ireland and Greece. 
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