URGENT ¥¥¥ A bailout deal in best interests of Cyprus, eurozone: ECB

A top European Central Bank official said Wednesday it is in the best interests of both Cyprus and the eurozone as a whole if Nicosia can reach agreement with international creditors on a bailout.

"I remain convinced that an aid programme is in the best interests of Cyprus and all members of the eurozone," ECB executive board member Joerg Asmussen told the weekly Die Zeit in an interview.