Cyprus wants softer conditions

Cyprus wants softer conditions

This is putting cypriot society to the test," anastasiades told the magazine "der spiegel". He does not want to renegotiate the agreement with the troika of the EU commission, the european central bank and the international monetary fund. "I’m not asking for preferential treatment, just equal treatment," he said.

The euro partners had recently made it clear that the recently agreed rescue package of ten billion euros would not be renegotiated or topped up.

Bundesbank president jens weidmann also rejects the idea of the central banks taking over possible losses of cypriot banks in the bailout of cyprus. "In cyprus, an attempt is currently being made to pass on the costs of restructuring banks to the central banks," he told the "suddeutsche zeitung" (monday). He does not consider this "acceptable," weidmann said. "From my point of view, it must be made clear that the restructuring of banks is a task of fiscal policy, not of the euro system."

German eu commissioner gunther oettinger warned against changing course in crisis management. "The budget consolidation must be continued without any aueichung," he told "focus" magazine. "Anything else would be playing with fire, because doubts could quickly arise again on the markets."