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article imageCyprus parliament to vote on terms of bailout

By Katerina Nikolas     Apr 19, 2013 in World
Nicosia - The Cypriot parliament is due to vote next week on whether to accept the terms of the bailout. "The choice before Cyprus is clear, either accept the bailout or face bankruptcy" said DISY leader Averof Neophytou.
The Cyprus bailout faces a further hurdle as the attorney general has said the country's parliament must vote on accepting the measures agreed with the troika of international lenders. The Telegraph reported that it is by no means clear if the government can muster a majority vote in favour.
According to Zero Hedge the €23 billion bailout, which includes selling 14 tons of gold and introducing austerity measures, must now be ratified. The Wall Street Journal reported that Germany's parliament voted in favour of the bailout conditions on Thursday.
The Cyprus Mail reported nearly half of the 56 parliamentarians may vote against the bailout. George Perdikis of the Green party said it is "a crime and wrong to deliver Cyprus into the hands of the troika and allow it to become a colony."
More about Cyprus, cyprus bailout, troika cyprus, Nicos Anastasiades
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