URGENT ¥¥¥ Eurogroup talks on Cyprus start four hours late: EU sources

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 eurozone.