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The German Bundestag has so far approved all bailouts negotiated by the Merkel government (Photo: Valentina Pop)

Bundestag likely to approve Cyprus bailout

The German parliament is likely to approve Cyprus' bailout programme despite concerns over a widening funding gap and growth projections which may prove too optimistic.

German finance minister Wolfgang Schaeuble on Tuesday (16 April) held a two-hour session with key MPs in the budget and EU affairs committees, laying out what the German government managed to achieve when negotiating the €10 billion bailout for Cyprus.

A vote in the plenum of the Bundestag is scheduled for Thursday...

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The German Bundestag has so far approved all bailouts negotiated by the Merkel government (Photo: Valentina Pop)

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