{"id":50338,"date":"2013-03-20T08:14:51","date_gmt":"2013-03-20T08:14:51","guid":{"rendered":"https:\/\/armbanks.am\/2013\/03\/20\/237849\/"},"modified":"2024-12-15T13:03:06","modified_gmt":"2024-12-15T13:03:06","slug":"german-finance-minister-regrets-cypriot-rejection-of-euro-zone-deal-wsj","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2013\/03\/20\/50338\/","title":{"rendered":"German Finance Minister regrets Cypriot rejection of Euro-zone deal: WSJ"},"content":{"rendered":"<p><strong>YEREVAN, March 20. \/ARKA\/.<\/strong> German Finance Minister Wolfgang Schaeuble said he regrets the rejection of an international bailout by the parliament of Cyprus, but said the euro zone&#8217;s offer to provide aid to the island nation still stands.<\/p>\n<p>The Wall Street Journal reported.&#8221;We regret that the Cypriot Parliament today decided against the program that was worked out between the Euro Group and the Cypriot government,&#8221; Mr. Schaeuble said in a statement Tuesday evening. &#8220;The offer of the Euro Group of&#8211;a program which envisages financial aid, structural reforms, an improvement in state revenue, combating money laundering and other things&#8211;still stands.&#8221;<\/p>\n<p>In a separate interview on German television, Mr. Schaeuble said Cyprus needs to do its share as part of the deal with the Eurogroup to a &#8220;sound foundation&#8221; for further negotiations over international aid for Cyprus. He said Cyprus&#8217;s bloated banking system, which is larger than its economy, is &#8220;not sustainable&#8221; and urged the Cypriots to reform their economic model.\u20140-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German Finance Minister Wolfgang Schaeuble said he regrets the rejection of an international bailout by the parliament of Cyprus, but said the euro zone&#8217;s offer to provide aid to the island nation still stands<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[13191,12408,12536],"class_list":["post-50338","post","type-post","status-publish","format-standard","category-economy-en","category-news","tag-cyprus","tag-finance-minister","tag-germany"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"German Finance Minister Wolfgang Schaeuble said he regrets the rejection of an international bailout by the parliament of Cyprus, but said the euro zone&#039;s offer to provide aid to the island nation still stands\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<meta name=\"keywords\" content=\"cyprus,finance minister,germany\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2013\/03\/20\/50338\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"German Finance Minister regrets Cypriot rejection of Euro-zone deal: WSJ - 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