Quantcast
Channel: Cyprus Mail
Viewing all articles
Browse latest Browse all 6907

Parliament rejects deposit tax for bailout

$
0
0

 

CYPRIOT lawmakers overwhelmingly rejected a deeply unpopular tax on bank deposits on Tuesday, throwing into doubt an international bailout for the troubled euro zone member needed to avert default and a banking collapse.

The 56-seat parliament voted by 36 votes against and 19 abstentions to bury the bill, a condition of a 10 billion euro European Union bailout for the Mediterranean island. One deputy was absent.

 


Viewing all articles
Browse latest Browse all 6907

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>