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Euro Zone Backs 10 Billion Euro Cyprus Bailout

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Euro Zone Backs 10 Billion Euro Cyprus Bailout
AIRED:
Calm on the streets of Cyprus and relief as capital controls there are eased. Though as Nicosia's residents fret over their money, some worry things could still get worse. Cyprus says its financing needs are around 6 billion more than expected -- due to its weakening economy. But euro zone finance ministers meeting in Ireland said the bailout money could not be increased above 10 billion euros. Ireland's finance minister Michael Noonan said he was confident the issue would be resolved.moreless
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