Eurogroup talks on Cyprus under way TALKS with Eurogroup partners on conditions for resurrecting a Cyprus bailout to avert a looming banking system meltdown have finally got under way after a delay of four hours. The gathering of finance ministers from the states that share the euro 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, two European Union sources say. The meeting was initially scheduled for 5pm GMT (4am AEDT), but it was postponed in anticipation of talks between Mr Anastasiades and top officials of the so-called troika, according to eurozone officials. The high-level meeting among the heads of the troika institutions - the European Commission, the European Central Bank and International Monetary Fund - and Mr Anastasiades is a last-ditch effort to carve out a deal that will secure a 10 billion euro ($12.4 billion) bailout for Cyprus, after an agreement reached last week fell apart in the Cypriot parliament, leading to intense renegotiations.