Cyprus next for bailout as eurozone crisis deepens.

Byline: Hugo Duncan

June 12--Italy and Cyprus were in the firing line last night as the pounds sterling 80bn bailout of the Spanish banking system failed to stem the crisis in the eurozone.

Spain became the fourth country in the single currency bloc to request international aid in a desperate bid to prop up its troubled lenders.

But early euphoria on the financial markets evaporated as investors fretted about the details of a Spanish rescue and which country would be next to need support.

The FTSE 100 index surrendered a 100-point rally to close down 2.71 points at 5432.37 and the euro went into reverse on a rollercoaster session for investors. …