BRUSSELS--German Finance Minister Wolfgang Schaeuble said Sunday the crisis in Cyprus has, "if anything," grown worse over the last week and said Cypriot authorities must now face up to the sitatuion.

"The numbers haven't changed, if anything they have gotten worse," Mr. Schaeuble said in brief remarks on his way into a meeting of finance ministers here. "We are ready for a solution."

"I hope that we come to a result today but the precondition is that Cyprus sees the situation realistically," he said.

Asked what he expected from the meeting, he said "what we agreed last week."

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