EU Stiff-Arms Cyprus After Country Says 'No' To Bank Bailout Deal

Eurogroup President Jeroen Dijsselbloem's response to the Cypriot parliament's decision to totally reject the Cypriot bank bailout deal today is only two sentences, and it offers no help at all: I take note of the decision of the Cypriot parliament on the government's proposal for a oneoff stability levy. I confirm that the Eurogroup stands ready to assist Cyprus in its reform efforts and reiterate the position of the Eurogroup as I stated yesterday. Wolfgang Schaeuble, the German finance min...