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Germany's finance minister Schaeuble says Cyprus is not big enough to pose any dangers to the eurozone (Photo: World Economic Forum)

Germany and ECB clash over Cyprus

The European Central Bank is at odds with Germany finance minister Wolfgang Schaeuble over the consequences of not bailing out Cyprus and its wider implications for the eurozone.

Last week Schaeuble claimed that Cyprus was not "systemically relevant" to the survival of the eurozone. But ECB Mario Draghi has directly contradicted the statement Der Spiegel ...

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Germany's finance minister Schaeuble says Cyprus is not big enough to pose any dangers to the eurozone (Photo: World Economic Forum)

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