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Germany approves $13 billion Cyprus bailout to stem contagion

German Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble chat during debates over EU finanical aid to Cyprus at the Bundestag on April 18, 2013 in Berlin, Germany.

Today Germany's parliament approved a $13 billion rescue package for Cyprus. The overwhelming yes vote came after a warning from Germany's finance minister Wolfgang Schaeuble that if Cyprus was allowed to go bankrupt, other euro zone countries would be at risk.

The BBC's Steve Evans in Berlin joins Marketplace Morning Report host Jeremy Hobson to discuss the bailout and the mood in Europe.

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