• Germany's news in English
 
Berlin urges Cyprus to pursue bailout talks
Photo: DPA

Berlin urges Cyprus to pursue bailout talks

Published: 25 Feb 2013 10:20 GMT+01:00

The leader of the right-wing Disy party won 57.5 percent of the vote in a second round run-off against communist-backed Stavros Malas, who polled 42.5 percent, to replace the only communist president in the European Union.

"We welcome the result of the Cypriot elections on 24th February, which will allow for the formation of a government that will quickly continue with the negotiations about a financial assistance programme for Cyprus," the French and German finance ministers Pierre Moscovici and Wolfgang Schäuble said.

Disy said Anastasiades had been given "a clear and strong mandate to battle for Cyprus," in talks with Brussels on the terms of an estimated €17 billion bailout package, with much of the damage caused by its Greek-exposed banking sector.

The election was closely watched in the other 16 members of the Eurozone, whose finance ministers had deferred a decision on the proposed bailout until negotiations take place with the new leader.

AFP/mb

The Local (news@thelocal.de)

Your comments about this article

15:02 February 25, 2013 by adam.müller
why Cyprus, with GDP of only $23.728 billion is part of EU but Turkey with booming Economy of $1.288 Trillion is not?
17:12 February 25, 2013 by Berlin fuer alles
@Adam. It has more to do with Human rights issues and compliance with EU standards than the size of the economy. Turkey fails on a lot of points and has too many current EU members who do not want them. Germany has not established a dictatorship over the rest of the EU just yet.
Today's headlines
18 Germans were on blazing ferry
Photo: DPA

18 Germans were on blazing ferry

UPDATE: Italian Prime Minister Matteo Renzi said only crew remain on board a ferry that caught fire in the Adriatic Sea. Rescuers battled stormy conditions, including hail, to rescue hundreds of passengers, though at least seven are known to have died in the incident. There were 18 Germans on board, it was reported on Monday. READ  

Schäuble warns Greece: no alternative
German finance minister Wolfgang Schäuble Photo: DPA

Schäuble warns Greece: no alternative

German Finance Minister Wolfgang Schäuble said Monday that Greece must stick to agreed economic reforms regardless of the results of a snap election due next month. READ  

Refugees take up home in Berlin 'container town'
The "container city" in Berlin Photo: DPA

Refugees take up home in Berlin 'container town'

The first refugees have begun taking up home in one of Berlin's new "container towns" - special emergency housing built out of stackable, portable blocks. READ  

Spy malware found on government computer
The Chancellery under heat vision. Photo: DPA

Spy malware found on government computer

The IT security team at the Chancellery in Berlin say that an employee was the target of an espionage attack through a computer virus that is associated with British and American spy agencies, it was revealed on Monday. READ  

Merkel to meet Putin in January over Ukraine
Photo: DPA

Merkel to meet Putin in January over Ukraine

Chancellor Angela Merkel will meet with the leaders of France, Russia and Ukraine on January 15 to discuss ongoing peace efforts with the Moscow-backed separatist rebels. READ  

Too much snow for Ski Jumping
No action at the ski jump Photo: DPA

Too much snow for Ski Jumping

Heavy snows have caused one of the highpoints of the German sports calendar - the World Cup Ski Jumping - to be temporarily postponed, as deep snow also settled on the capital, Berlin, for the first time this winter. READ  

Allianz insured missing AirAsia plane
An arrivals board tells customers to "Go to info counter" at Singapore airport Photo: DPA

Allianz insured missing AirAsia plane

German insurance giant Allianz confirmed on Monday that the firm is the main insurance comapany for AirAsia, the operator a plane that has been missing since Saturday. READ  

New Year minimum wage for millions
Germany's first ever minimum wage will be set at €8.50 Photo: DPA

New Year minimum wage for millions

January 1st means not just New Year resolutions - and hangovers - but a pay increase for millions of hard-up Germans, as the country introduces its first ever minimum wage, set at €8.50. READ  

‘Grand Budapest Hotel’ owner sorry for racism
Ralph Fiennes and stars of the Grand Budapest Hotel Photo: DPA

‘Grand Budapest Hotel’ owner sorry for racism

The businessman who owns the building used for Wes Anderson’s hit film “Grand Budapest Hotel” has apologised for a racist outburst in his local newspaper. READ  

Canadian porn star killer who fled to Berlin jailed
The interpol international arrest warrant for Magnotta

Canadian porn star killer who fled to Berlin jailed

A Canadian killer who sparked an international manhunt after filming himself dismembering his victim before finally being cornered in a Berlin internet café has been found guilty of murder and jailed for life. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Photo: DPA
National
What were your favourite news stories of 2014?
Photo: DPA
National
Terror alert at a new high. Should you be worried?
Gallery
Top 12 German idioms
Willy Brandt at his inauguration in 1972. Photo: DPA
National
Willy Brandt: the man, the chancellor... the airport?
Dresden skyline and river by night. Photo: DPA
Politics
What does Dresden have against Muslims?
Sponsored Article
Why are these International Baccalaureate students cheering?
Germany's national football team lifts the World Cup trophy
Gallery
Germany's most-Googled words of 2014
National
Why has The Local got a new logo?
Photo: DPA
National
This German was abducted and tortured by the CIA
Culture
10 top tips for partying in Germany
Sponsored Article
Top ten gifts for an expat Christmas
Photo: DPA
Technology
What does the Chancellor see as the future of the internet?
Sponsored Article
Top five quirky Christmas jumpers
Photo: DPA
National
Germany still paying for crisis fall out
Photo: DPA
Politics
Can 'sorry' ever be enough for the Linke?
Photo: DPA
Berlin
The Local's series on 25 years since the fall of the Berlin Wall
Photo: DPA
Gallery
See how Berlin has changed in 22 photos
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,018
jobs available
The Local Spain is hiring!
The Local is seeking a new editor for our site in Spain to join our growing team of internationally-minded, driven, ambitious and clued-up journalists.
Details and how to apply
Toytown Germany
Germany's English-speaking crowd