January 9, 2013
Cyprus Bailout Could Fail in German Parliament
Der Spiegel, Der Spiegel
The urgently needed bailout of the Cypriot banking industry is in danger of being vetoed by the German parliament. The opposition Social Democrats say they are leaning towards voting no, according to a media report. With Chancellor Merkel unable to rely on her own majority, that could be bad news for Cyprus and for the euro.
TAGGED: Eurozone, Cyprus, Germany