Cyprus looks to be next on the EU bailout train, its largest bank saying "there is an imminent...

|By:, SA News Editor

Cyprus looks to be next on the EU bailout train, its largest bank saying "there is an imminent threat" if the state doesn't take urgent action to repair its finances. Though accounting for just 0.2% of eurozone GDP and unlikely to strain EU finances, Cyprus is a reminder of the larger issue of contagion.