Tuesday, April 30, 2013

Cyprus Parliament Votes to Accept Bailout

Cyprus moved a step closer on Tuesday to receiving much-needed aid when its parliament narrowly endorsed a bailout deal drafted amid unprecedented acrimony and calls for the island to exit the eurozone.
In a nail-biting ballot, following hours of heated debate, Nicosia's 56-member House approved the €10bn rescue package with a majority of two votes. Among officials who had warned of a "chaotic default" the result was met with visible relief.

Read more: http://www.guardian.co.uk/world/2013/apr/30/cyprus-parliament-bailout-deal-passed

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