Eurogroup talks on Cyprus start four hours late

BRUSSELS (AFP) - Talks with Eurogroup partners on conditions for resurrecting a Cyprus bailout to avert a looming banking system meltdown finally got under way after a delay of four hours on Sunday, two European Union sources said.

The gathering of finance ministers from the states that share the euro currency with Cyprus came after eight hours of meetings for Cyprus President Nicos Anastasiades with bosses from the ECB, the IMF, the EU and the euro zone.

However, further euro zone governmental sources said the decision to bring in the waiting finance ministers was to bring them up to date with the state of the talks among the heads.

Asked if the development could be taken as a positive sign that a deadlock could be broken, or if leaders were passing down the more difficult details, one of these sources said to "take the second scenario."