-
German parliament backs Cyprus bailout
Germany's lower house of parliament voted overwhelmingly on Thursday to grant Cyprus a 10 billion euro bailout that is designed to avert bankruptcy for the tiny Mediterranean island nation and keep it in the euro zone. Of the 602 lawmakers in the Bundestag chamber, 487 backed the rescue, under which Cyprus has agreed to impose major losses on depositors, shutter its second largest bank and raise its corporate tax rate. Separately, German parliamentarians also backed seven-year loan extensions for bailout victims Portugal and Ireland. The Cyprus vote was not in doubt given widespread support from within German ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Apr 18, 2013 6:44am Apr 18, 2013 6:44am
- Guest
- | IP XX.XXX.207.169
- Comment #2
- Quote
- Apr 18, 2013 6:47am Apr 18, 2013 6:47am
- Trading Sol
- | Joined Apr 2013 | Status: Junior Member | 5 Comments
- Comment #3
- Quote
- Apr 18, 2013 7:53am Apr 18, 2013 7:53am
- dasser
- | Joined Feb 2012 | Status: Member | 36 Comments