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Cypriot government must explain to people why bailout right: Germany
March 25, 2013 / 11:00 AM / 4 years ago

Cypriot government must explain to people why bailout right: Germany

Cyprus' Finance Minister Michalis Sarris attends the main news conference at the end of a Eurogroup meeting at the European Council building in Brussels, March 25, 2013. REUTERS/Sebastien Pirlet

BERLIN (Reuters) - The Cypriot government must now explain to its people why the bailout deal clinched in the early morning hours of Monday in Brussels is the right path for the country, a German government spokesman said.

“It’s clear that the agreement we reached needs to be explained in Europe,” Steffen Seibert, spokesman for Chancellor Angela Merkel told a news conference.

“We are doing our part in Germany. But also in Cyprus, the Cypriot government has a significant responsibility to explain to its people why this path is difficult but right.”

Reporting by Noah Barkin and Gareth Jones

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