person > Wolfgang Schaeuble
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The Bundestag lower house voted in favour of a bailout for Cyprus, which will involve restructuring banking sector.
Central bank announces 37.5 percent of savings over 100,000 euros will become bank shares and 22.5 percent will be held.
European Central Bank granted authority to police euro zone's major banks and intervene when small lenders have trouble.
Bundenstag overwhelmingly votes in favour of eurozone bailout of $51bn for Athens as it battles against bankruptcy.
Loans will be released to Greece in order to keep the near-bankrupt economy afloat and reduce debt by $51bn.
EU ministers are meeting in Brussels for third time to secure debt deal that will prevent imminent bankruptcy of Greece.
Approval of 2013 budget, which includes spending cuts, to lead to release of foreign aid needed to stave off insolvency.
Merkel rebuffs call by the International Monetary Fund to give Greece more time to clean up finances.
Finance ministers from 17 countries launch European Stability Mechanism used to bail out struggling banks and economies.
Federal Constitutional Court decides Germany's inclusion in $638.8bn bailout fund for 17 euro countries is legal.
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