Germany: Eurozone can 'contain' Cyprus problems

Wolfgang Schaeuble was optimistic that the eurozone would not be affected by Cyprus contagion. Credit: DPA

German Finance Minister Wolfgang Schaeuble said the muted reaction in financial markets to the Cyprus crisis shows the eurozone is well placed to contain the turbulence.

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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.