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German lawmakers to study Cyprus intel report

Source : AP
Last Updated: Tue, Nov 06, 2012 13:00 hrs

German lawmakers say they will be allowed to review a classified intelligence report on alleged Russian money laundering in Cyprus before voting on a bailout for the country.

Cyprus is negotiating with its European partners to receive rescue loans because of its stalling economy and ailing banks.

Cyprus' government on Monday dismissed a media report that cites the German BND intelligence agency as saying that a bailout for the island nation would primarily benefit Russians who have stashed €20 billion ($25.55 billion) in its banks, more than Cyprus' GDP of €18 billion.

Several German lawmakers since voiced concern over the bailout.

The opposition Greens' lawmaker Priska Hinz said the government agreed Tuesday to share the intelligence report, saying "especially on Cyprus, by now there are more questions than answers."



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