NICOSIA (Reuters) - Greece's election has cleared the way for Cyprus to obtain urgently-needed funds to recapitalise its banks by the end of the month, either from the EU rescue fund or through a bilateral loan, its finance minister said on Tuesday.
Cyprus is heading towards a firm deadline of June 30 to find 1.8 billion euros to recapitalise its second largest lender, Cyprus Popular Bank, which was hurt by its exposure to a writedown on its Greek debt holdings.
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