Monday, May 20th, 2013
EU Stiff-Arms Cyprus After Country Says ‘No’ To Bank Bailout Deal
Published on March 20, 2013 by admin · No Comments Eurogroup President Jeroen Dijsselbloem’s response to the Cypriot parliament’s decision to totally reject the Cypriot bank bailout dealtoday is only two sentences, and it offers no help at all:
I take note of the decision of the Cypriot parliament on the government’s proposal for a oneoff stability levy. I confirm that the Eurogroup stands ready to assist Cyprus in its reform efforts and reiterate the position of the Eurogroup as I stated yesterday.
Wolfgang Schaeuble, the German finance minister, is of course a major power player in all of the EU bailout negotiations.
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