BERLIN, March 22 German Finance Minister
Wolfgang Schaeuble expressed his scepticism at the Cypriot
government's proposal for raising billions of euros during a
meeting of Germany's coalition parties on Thursday afternoon,
newspaper Bild reported.
Citing participants at the meeting, the German newspaper
reported in its Friday edition that Schaeuble had said he had
deep doubts and "cosmetic touches alone" would not be enough.
Cyprus must "move and seriously save", he added.
The Cypriot government, facing a collapse of its financial
system, on Thursday proposed a "Solidarity Fund" based on
revenues from hydrocarbon exploitation, bonds and other assets
to help it raise billions of euros to clinch a European Union