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January 9, 2013

Cyprus Bailout Could Fail in German Parliament

Der Spiegel, Der Spiegel

AP Photo

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.

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TAGGED: Eurozone, Cyprus, Germany

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