Although Regrets, Merkel Decision Respecting Cyprus

Learn Forex News : German Chancellor Angela Merkel on Wednesday said that he regretted the decision of the Cyprus parliament rejected the requirement to get a European bailout. But Merkel is still an opportunity for the Cyprus government for a new loan proposal to the European Union, the European Central Bank and the International Monetary Fund (IMF).

"I regret voting decisions of parliament yesterday. But of course I have to respect him, and wait for what's next proposal will be submitted to the Troika Cyprus government," said Merkel.

Cyprus Parliament on Tuesday has rejected the requirement to secure a bailout package worth € 10 billion ($ 13 billion), which includes enforcement of a controversial tax on bank deposits.