Cyprus parliament ready to veto deposit tax

"We'll loan you some cash, but unfairly tax your savers, too.."

As if the eurocrats could come up with anything more likely to bring the banking industry to its knees.

Why would anybody want to leave money with a bank that would, at the behest of a government, confiscate whatever percentage deemed fit?! What would start in one country on Monday would have spread across the Globe, and result in mass chaos, by Friday afternoon.

eurocratic stupidity at its greatest.

"But passage of the bill in the 56-member chamber, where no party has a majority, was unlikely and it was not clear if the vote would even go ahead later on Tuesday if leaders were sure it would be rejected.

"It looks like it won't pass," Cypriot government spokesman Christos Stylianides told state radio.

The House of Representatives was expected to meet at 1600 GMT(12:00 EST). Rejection of the measure would effectively block a bailout that Cyprus needs to keep its banks afloat and government paying wages and welfare."

If I have this correctly : Levy impplemented + Bailout granted = Economic Termoil
Levy doesn't pas = No Bailout = Bancrupsy = Economic Termoil ?

"It was not clear what version of the levy would eventually be voted on in Cyprus. The government maintains that Cyprus has no choice but to accept the bailout with the levy, or go bankrupt."

The EU, Cyprians, Russians, Banks = CLOWNS

what time is the vote

As i keep saying, be vary scared!!!!!

16:00 gmt

If this was Facebook id " Like " your post mrgoba5

What will happen if they accept bailout with 'Levy' and without 'Levy'?

So it is turmoil in Cyprus either way? Think I will keep my Euro shorts for a while more.