Merkel warned Cyprus not to "exhaust the patience of its eurozone partners", reports say.

 



Cypriot reaction: "No-one knows what is going on"

The European Union, Germany and leading bankers have all urged the Cypriot parliament to quickly find a way of raising the 5.8bn euros needed to qualify for an international bailout.

German Chancellor Angela Merkel warned Cyprus not to "exhaust the patience of its eurozone partners", reports say.

The head of one of Cyprus' biggest banks urged MPs to accept a levy on bank deposits.

This was rejected on Tuesday, sparking a fresh eurozone confidence crisis.

 

http://www.bbc.co.uk/news/world-europe-21903698

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