BERLIN (Reuters) - Finance Minister Wolfgang Schaeuble urged German lawmakers on Thursday to approve a 10 billion euro (8.6 billion pounds) bailout for Cyprus amid new uncertainty over whether the deal will get through the Mediterranean nation's own fractious parliament.
The Bundestag lower house is widely expected to back the rescue after Germany and its euro zone allies demanded that Cyprus impose major losses on depositors, shutter its second largest bank and raise the corporate tax rate in return for aid.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!