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Mar 27, 2013

Cyprus backlash touches raw nerve in bailout-weary Berlin

BERLIN, March 27 (Reuters) – A wave of anti-German sentiment
unleashed by the harsh conditions imposed in a 10-billion euro
bailout for Cyprus has stung politicians in Berlin and may
harden resistance to further euro zone rescue measures in the
run-up to a September election.

Although Germany was not alone in pressing for a “bail-in”
of depositors in Cypriot banks that will force massive losses on
wealthy savers and probably end the island’s run as an offshore
financial centre, it has taken much of the blame.
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      "I run the Reuters news operations for Germany, Austria and Switzerland based in Berlin, and write regularly about German politics and European economic issues. I've reported from over 20 countries for Reuters since joining in the mid-1990s, including stints in Paris, London and New York."

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