Eurozone member Cyprus has strongly hinted it may have to apply for an international bailout before the end of June.
Finance Minister Vassos Shiarly said: "The issue is urgent. We know the recapitalisation of the (island's) banks must be completed by June 30, and there are a few days left".
Cyprus is under growing pressure to apply for aid to salvage its second-largest lender Cyprus Popular Bank, bowed by its exposure to debt-crippled Greece.
George Osborne brands the Spanish bail-out as 'depressing' as the Government began paying more to borrow money than ever before.
Andreas Dombret, a board member of the Bundesbank, explains in a rare interview Germany's tough stance over euro crisis solutions.
With 18 of Spain's banks downgraded and the country's cost of borrowing rising, it begs the question: did the bail out happen at all?