Original Article Post Date:
Europe's Mounting Reluctance to Bail Out Cyprus
By SPIEGEL Staff
MARKUS DETTMER, MARTIN HESSE, CHRISTOPH PAULY, CHRISTIAN REIERMANN, MATTHIAS SCHEPP, FIDELIUS SCHMID, CHRISTOPH SCHULT, ANNE SEITH, ANDREAS ULRICH
Translated from the German by Christopher Sultan
14 January 2013
There is growing resistance in Europe to the planned aid program for Cyprus, because it would also benefit illegal Russian money parked in bank accounts in Cyprus. The government in Nicosia is willing to make concessions, but Brussels is demanding more reforms.