Cypriot president supports Greek request for extension

Cyprus’s president has sent a letter to Greek Prime Minister Alexis Tsipras saying he supports his request for an extension of a few days to the country’s bailout.

The bailout expires Tuesday, and Tsipras asked for it to be extended so Greece can hold a referendum on creditor reform demands on Sunday.

The letter by Nicos Anastasiades, which was released by Greek officials, says Cyprus “not only supports but actually considers an extension necessary” for the bailout.

Anastasiades points out that Cyprus has already supported to extensions to the bailout, one in December and one in February.

Tsipras earlier requested an extension from eurozone country leaders, after finance ministers rejected a similar request on Saturday.

[AP]