News Headline Summary

German finance minister Schaeuble says Cyprus bailout deal does not require Cypriot parliament approval

Says:

- Cyprus deal will shrink banking sector to EU average.
- Troika in touch with Russian government.
- Necessary legislation for Cyprus bank restructuring ready in place.

Reaction details:

- No immediate reaction seen in EUR/USD, trades 1.3036 (+47 pips)

Print 01:27, 25 Mar 2013 - Asian News - Source: Newswires