Germany on Friday said the amount of a eurozone bailout for Cyprus would not rise, after the debt-laden island state's president said he would appeal for extra assistance.
An overwhelming majority of Germans are incensed by protesters in bankrupt eurozone countries who slander Germany and depict Chancellor Angela Merkel as a Nazi, according to a poll released this week.
German Finance Minister Wolfgang Schäuble said Thursday that he understood Cypriot anger over the tough terms of its international bailout but said it would fade eventually.
The EU’s disastrous handling of the Cyprus bailout has not damaged Chancellor Angela Merkel’s standing with German voters, according to pollster Forsa.
Germany imposed its will at the Cyprus rescue talks but at a potentially heavy cost to its image in Europe, where angry protesters in debt-mired states make Nazi slurs and blame Berlin for merciless austerity measures.
The bailout deal between eurozone nations and Cyprus was fair and should restore faith in the country and stabilise its economy, German Finance Minister Wolfgang Schäuble said. Chancellor Angela Merkel said she was very pleased.
German Chancellor Angela Merkel has warned that the patience of Cyprus's European partners on efforts to secure an international bailout has its limits, lawmakers of her coalition parties said Friday.
German Chancellor Angela Merkel on Wednesday said the eurozone had a "duty" to work with Cyprus to resolve the island's banking crisis, as the German opposition blamed her for the "disastrous" rejection of the EU's bailout package.
German Chancellor Angela Merkel stressed in a phone call with the president of Cyprus that his country hold talks only with international creditors on its bailout deal and not third parties like Russia, a government spokeswoman said on Tuesday.
The leaders of Germany, France and the European Commission late on Monday vowed to do more to bolster competitiveness in the eurozone, but avoided the crunch topic of the fresh crisis in Cyprus.
It was up to the Cyprus government how it chooses to finance the terms of a tough EU bailout deal, which should have a "calming effect" on the crisis-wracked eurozone, Germany said Monday.
France and Germany on Monday urged the new government in Cyprus to negotiate a bailout quickly and welcomed the election of Nicos Anastasiades as the president of the financially crippled EU state.
Cypriot officials are hitting back at Germany with charges that German domestic politics and "envy" over the island's role as a financial hub are damaging efforts to seal an EU bailout before the eurozone nation sinks into bankruptcy.
German Chancellor Angela Merkel urged Cyprus on Friday to follow economic reforms, two days after saying the eurozone bailout candidate will not see any special terms as it seeks an aid package.
German Foreign Minister Guido Westerwelle said on Friday that Europe is "ready to help" Cyprus tackle its debt troubles - but only if the country commits to key structural reforms and an austerity budget.
Wealthy Russians, including mafiosi, would most benefit from an EU bailout to Cyprus, <i>Der Spiegel</i> magazine reported Monday, quoting a German intelligence agency report.
Turkish Prime Minister Recep Tayyip Erdogan has asked German Chancellor Angela Merkel to apologise following her criticism of Turkish policies in the Cyprus conflict, in remarks published on Saturday.
Chancellor Angela Merkel, on the first visit by a German head of government to Europe's last divided capital, voiced her solidarity on Tuesday with Cyprus in its elusive efforts to reunify the island.
Chancellor Angela Merkel said on Saturday she would visit Cyprus in January to offer Germany's help in resolving an impasse holding up security cooperation and Turkey joining the European Union.
