News Headline Summary

German press Sueddeutsche Zeitung reports that German opposition won't back rescue for Cyprus

Update details:

- Germany's chancellor Merkel is at risk of not having a parliamentary majority.
- The details of the bailout are yet to be finalised and will be discussed at a Eurogroup meeting on January 21st. The needed amount is thought to be around EUR 17bln, equal to the republic's annual GDP.

Print 07:55, 09 Jan 2013 - Economic commentary - Source: Sueddeutsche Zeitung