Cyprus bank creditors must share burden of bailout- German finmin

ATHENS, March 22 Fri Mar 22, 2013 2:58am EDT

ATHENS, March 22 (Reuters) - The euro zone stands ready to help bail out Cyprus but the burden must be shared by its financial sector otherwise the island's economy will collapse under its public debt, German Finance Minister told a Greek newspaper on Friday.

"The perception that this (Cyprus) problem can be solved only by taxpayers in the euro zone without the participation of major creditors of Cypriot banks cannot be accepted by Europe's citizens," Wolfgang Schaeuble told Greek daily Ta Nea in an interview.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.