Cyprus May Be Next In Line For Bailout

Analysts are now turning to Cyprus which could be next in line for a European bailout of its banks which are heavily exposed to Greece. The banks have already written off more than €3 billion of Greek debt which has resulted in Cyprus Popular bank requiring a bailout. The Cypriot government have already requested support from the European Central Bank but may well look to arrange loans from China or Russia if a decision from Europe is not forthcoming.