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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.

"[We] welcome the decision to approve the loan agreement," government spokesman Christos Stylianides said in a written statement. "It would have been a paradox if European parliaments were to approve the loan of €10bn to Cyprus and for the parliament of a country whose coffers are empty to reject it without having a realistic alternative plan before it."

Source: The Guardian. Read full article. (link)

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  • Sevo||

    Yes, they did have a choice. Yes, they chose the one that didn't bankrupt them.
    No, the don't mean it and as soon as they get the chance, they'll bail on it.
    They, like every Euro 'country' have grown comfortable with free shit, and don't yet accept there is no free shit anywhere.

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