'Cyprus bank creditors must share the burden' of rescue

The eurozone is willing to help but Cyprus must solve the root cause of its problem the German Finance Minister has said.

Wolfgang Schäuble added that Cyprus' problems cannot be solved only by eurozone taxpayers and that Cyprus bank creditors must share the burden.

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UK customers escape bank levy

Around 15,000 savers in the UK arm of stricken Cypriot bank Laiki will see their deposits protected under British rules and will escape the Cyprus banking levy.