Cyprus has been accused ignoring early warnings over its beleaguered finances.<br /><br />The charge was made by Ollie Rehn at an extraordinary meeting of the European Committee on Economic and Monetary Affairs.<br /><br />The EU's Economic and Monetary Affairs Commissioner says the island was warned about its "excessive financial imbalances" and told that a bailout package was "unavoidable".<br /><br />...<br />http://www.euronews.net/
