Cyprus economy 'on the brink', Bank of Cyprus warns
The Cypriot economy is "on the brink" and desperately requires a liquidity lifeline from Europe, Cyprus' largest bank has warned.
"The next move may prove its salvation or destruction," said the Bank of Cyprus - itself said to require urgent funding to prevent collapse.
The European Central Bank has given Cyprus until Monday to raise the funds it needs to secure a bailout.
Gavin Hewitt reports from Nicosia.
- From the section Europe