Cyprus needs cash to bail out its banks and patch a government budget deficit.

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He said it was "nothing other than a bare-faced request to bail out a cash-starved Department of Health campaign".

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The principles for letting a bank repay bail-out cash are clear.

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Moreover, it would be difficult to get politicians to stump up cash to contribute to the bail-out of a bank that is based in another country.

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Peter Kendell, the NFU's deputy president, said it would be requesting help for farmers seeking cash flow, but would not be asking for a bail-out.

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The company is simply generating too much cash and unless they are going to do a large merger, initiate a mega-stock buyback, or bail out a European country or two, there is nothing else for them to do with that much cash.

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That has prompted a stampede by cash-strapped governors and mayors to the federal treasury for one last bail-out before the law comes into force, probably this week.

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Mr Stephens said almost half the bail money had been raised and he was confident they would have all the cash before the appeal hearing.

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