BERLIN (Reuters) - Europe's paymaster Germany stepped up pressure on stricken Cyprus on Friday, rejecting its proposal to nationalise pension funds to plug its finance gap and demanding it take an axe to its banks if it wants a bailout.
Chancellor Angela Merkel stuck to the hard line Berlin has been pushing for weeks, telling lawmakers that while she wanted to keep Cyprus in the euro zone, the country must first recognise it had no future as an offshore financial centre for wealthy Russians and Britons.
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