Chancellor Angela Merkel is now warning Cyprus, quote 'not to test the boundaries of the Troika's patience'. That is after one avenue of rescue, a deal with Russia, all but evaporates. Nicosia and Moscow failed to agree on a rescue plan, after intense negotiations in the Russian capital.
The Cypriot government is due to present the EU and IMF with a new plan, dubbed Plan B, to secure a bailout. Andreas Tiedtke, a Free Voters Nuremberg candidate for the Bavarian Parliament, gives a German perspective on the crisis.
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