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Image header Agence Europe
Europe Daily Bulletin No. 10775
Contents Publication in full By article 24 / 31
ECONOMY - FINANCE - BUSINESS / (ae) cyprus

Tension surrounding financial aid programme

Brussels, 30/01/2013 (Agence Europe) - Cyprus is stepping up efforts to convince its EU partners that it is properly tackling money-laundering and, on Wednesday 30 January, Germany denied reports in Süddeutsche Zeitung that it would now back a Cypriot aid programme. Nothing has changed, explained a spokesperson for the country's finance ministry.

The reluctance of the German government is due in part to fears that taxpayers would have to pay to bail out Cypriot banks, which Germany sees as...

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