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After eurozone ministers approved €10 billion for Cyprus to stave off bankruptcy, Wolfgang Schäuble briefed parliament's budget committee and said he would ask the lower house - which has a say on all eurozone rescues - to support the deal. "I will now immediately propose to the Bundestag to agree such a mandate for the troika (of lenders) so that it can work out the details of the programme", Schäuble said.
Schäuble said the house would then likely debate the full Cyprus programme in the second half of April before giving its final go-ahead. He said the deal distributed the costs of the bailout fairly and would reduce the Cypriot banking sector to a sustainable size.
CSU leader Horst Seehofer said he could agree if investors and banks in Cyprus had to bear their share of their burden and any aid came with obligations for the country. He has the impression this was the case, following conversations with Schäuble.