Germany approves $13 billion Cyprus bailout to stem contagion
Share Now on:
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.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.