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Cyprus: Parliament Rejects EU Bail-Out Package

Published: March 19, 2013; 21:28 · (Vindobona)

Not a single member of the Cyprian parliament has voted in favor of the controversial plan where a compulsary levy for all creditors was planned.

Cyprus: Parliament Rejects EU Bail-Out Package / Picture: © Flickr

Because of the clear refusal of the government the criteria to receive € 10bn in aid money to help stabilize the banks is not fulfilled.

On Tuesday evening, of the 56 members of parliament, 36 voted against the compulsary charge and 19 abstained. One member was absent. This means a clear dismissal of the EU aid package which would have granted Cyprus further € 10bn apart from…

This article includes a total of 236 words.

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