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Schaeuble says Cyprus bailout averts contagion
April 18, 2013 / 7:26 AM / 5 years ago

Schaeuble says Cyprus bailout averts contagion

BERLIN, April 18 (Reuters) - There would be a high risk of contagion to other euro zone countries if Cyprus was allowed to go bankrupt, German Finance Minister Wolfgang Schaeuble said in a speech to parliament on Thursday before a vote to approve a bailout for the Mediterranean island nation.

Schaeuble also said that while uncertainty linked to the euro crisis was still weighing on markets, it had diminished considerably over the past months.

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