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Sunday, February 3, 2013

German politicians voice skepticism on aid for Cyprus

BERLIN (Reuters) - A top member of Chancellor Angela Merkel's Free Democrat coalition partners and several opposition lawmakers said on Sunday they would only agree aid for Cyprus if it tackled money-laundering and implemented structural reforms. Cyprus has asked the European Union and International Monetary Fund for a bailout but resistance is strong in euro zone paymaster Germany. Cyprus's problems go back to its banks' exposure to crisis-hit Greece and in Germany much has been made of its status as a popular tax haven for wealthy Russians. ...

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