Article updated: 3/4/2013 10:18 AM

EU finance ministers discuss Cyprus bailout

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Managing Director of the International Monetary Fund Christine Lagarde, right, waves to Greek Finance Minister Yannis Stournaras, left, and French Finance Minister Pierre Moscovici during a meeting of eurogroup finance ministers in Brussels on Monday.

Associated Press

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European finance ministers are meeting Monday to discuss how to fund a long-delayed bailout for Cyprus amid demands from creditor nations that the cash-strapped island must commit to tougher conditions. Finance ministers from the 17-strong group of European Union countries that use the euro will ask Cyprus to push ahead with a major privatization program and strengthen its implementation of anti-money-laundering and tax evasion laws, diplomats said ahead of the meeting in Brussels.