Reuters: US Dollar Report: Cyprus bailout to be up to 10 bln euros - euro zone officials

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Cyprus bailout to be up to 10 bln euros - euro zone officials Jun 26th 2012, 07:30 BRUSSELS, June 26 | Tue Jun 26, 2012 3:30am EDT BRUSSELS, June 26 (Reuters) - Cyprus, which applied for a bailout form the euro zone on Monday, is likely to need up to 10 billion euros ($12.5 billion), euro zone officials said on Tuesday. "The exact number has not been decided yet. It was to be 6 billion for the state financing and 2 billion for the banks, but that is optimistic - it is more likely to be seven and three - up to 10 billion euros in total," one euro zone official said. A second official confirmed the amount was likely to be up to 10 billion euros.

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