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Cost of Cyprus bailout increases to $30 billion

  • The cost of the bailout for Cyprus has risen to $30 billion, according to a draft document prepared by the country's creditors.

    The original cost of the bailout was estimated at $23 billion.

    The new total, which was disclosed in a document seen by news agencies on Thursday, means that Cyprus will have to need $17 billion in order to secure $13 billion from the European Union and the International Monetary Fund.

    Previously, Cyprus had to raise $9.8 billion.

    Explore the geography of Cyprus through Cyprus Map

    Tagged as: Cyprus, Cyprus news, Cost of Cyprus bailout, Cyprus bailout increases to $30 billion