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Cypriot Lawmakers Overwhelmingly Reject EU Demands; What's Next?

Daniel from TN Wrote: Mar 20, 2013 8:56 AM
A money grabbing action like this might turn out to be the first step in the fall of the EU. We can only hope.

From the library of genuine news, Reuters reports Cyprus parliament rejects deposit tax for bailout.

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...