Quantcast
Channel: Politics News Headlines - Yahoo News UK
Viewing all articles
Browse latest Browse all 35146

Factbox - Cyprus parliamentary vote unlikely to pass

$
0
0
NICOSIA (Reuters) - Cyprus's parliament is due to discuss later on Tuesday a levy on bank deposits agreed at the weekend as part of a bailout deal to avert an imminent default for the euro zone state. A government official said on Tuesday that parliament is likely to reject the move. But as a rejection would effectively block a bailout that Cyprus needs to keep its banks afloat and the government paying wages and welfare, it was not clear if the vote, scheduled after 1600 GMT, would actually go ahead. Cypriot and euro zone officials have sought to soften the initially proposed levy of 6. ...

Viewing all articles
Browse latest Browse all 35146

Trending Articles