Friday, June 1, 2012

Reuters: US Dollar Report: Cyprus president can't exclude bailout,not a given

Reuters: US Dollar Report
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Cyprus president can't exclude bailout,not a given
Jun 1st 2012, 16:22

NICOSIA, June 1 | Fri Jun 1, 2012 12:22pm EDT

NICOSIA, June 1 (Reuters) - Cypriot President Demetris Christofias said on Friday he could not rule out that Cyprus might have to enter a financial support mechanism because of the exposure of its banks to Greek sovereign debt, but that it was not a foregone conclusion.

In response to a question at a news conference, Christofias also said a possible Greek exit from the euro zone would have a "chaotic" effect throughout the bloc.

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