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cyprus looks increasingly set to become the fourth euro-zone country to seek financial aid under europe's temporary bailout fund , as it scrambles to protect its banking system from greece's widening financial crisis .
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cyprus said it urgently needed european financial aid to boost its banks' capital , a step that would make it the fifth euro-zone economy to seek help from the region's bailout funds .
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the european union is increasing its aid funding for the pacific despite economic crises in many of its member countries , according to eu representatives in new zealand for pacific talks.the eu has announced it will boost its aid.. .
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cyprus looks increasingly set to become the fourth euro-zone country to seek financial aid under europe's temporary bailout fund , as it scrambles to protect its banking system from greece's widening financial crisis .
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cyprus said it urgently needed european financial aid to boost its banks' capital , a step that would make it the fifth euro-zone economy to seek help from the region's bailout funds .
the fate of europe's financial system - and possibly the world's - hinges on greece and its acceptance of a bailout plan , reports mark phillips .
cyprus said it urgently needed european aid to boost its banks' capital .
Generated 2012-6-18_1:24
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