Germany approves $13 billion Cyprus bailout to stem contagion
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.
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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