Volker Kauder, leader of Germany's Christian Democrats went on to reject suggestions Cyprus might nationalise pension funds of part-public companies raise cash.
I don't think this can happen, because this would be huge for pensioners, for the small people.
So I don't think this is a proposal that helps. If a proposal comes, I am optimistic.
But we aren't there yet. I still believe we will get a settlement, but Cyprus is playing with fire.