Germany’s deputy FinMin says Berlin won’t stand in way of Cyprus aid

Germany won’t stand in the way of aid for Cyprus so long as the Mediterranean nation fulfills the criteria to qualify for help from Europe’s bailout fund, Deputy Finance Minister Steffen Kampeter said late on Tuesday.

Outstanding questions still need to be addressed, including Cyprus’s systemic relevance to the euro area, the future size of the country’s banking industry, tax policy and how the Cypriot authorities deal with money “which perhaps isn’t legally sent in” to the island, Kampeter said in an interview in Berlin.