UK Cypriots to meet over investment in proposed fund

LONDON (Reuters) - UK-based Cypriots mulling ways to raise cash for Cyprus' proposed solidarity fund are due to meet next week, the president of a body representing the most significant community of Cypriots outside of the island itself said on Friday.

The initiative comes as the island struggles to find funds to meet its side of a bailout deal with the European Union or face the collapse of its financial system. Brussels is demanding Cyprus contribute 5.8 billion euros (5 billion pounds) in return for a 10 billion euro ($13 billion) bailout.