Plan for new Cyprus vote casts uncertainty on bailout
Source: Cyprus Mail
THE €10 billion aid deal to save Cyprus from bankruptcy has been thrown into fresh uncertainty with news that the island’s fractious parliament will vote on the final package.
The surprise vote has only just been scheduled, and early signs are that nearly half the members of the 56-seat parliament may oppose the bailout, seen as vital to keep Cyprus in the euro zone.
The Greens Party said yesterday its sole parliamentarian would vote to reject the deal, becoming the first party to announce its intentions.
However, the Communist AKEL and Socialist EDEK parties, which together have 24 seats, have been vocal in their opposition to the bailout, and are seen as likely to vote against, although there is some chance they may abstain instead.
Read more: http://www.cyprus-mail.com/bailout/plan-new-cyprus-vote-casts-uncertainty-bailout/20130418
= new reply since forum marked as read
