Cyprus Parliament Rejects European Bailout Proposal: Calls Germany's Bluff

Submitted by Tyler Durden on 03/19/2013 14:21 -0400

• Germany
 
• headlines

Just as we predicted yesterday, the Cyprus bailout vote has not passed parliament in a move that was merely there to force Germany's bluff.

• CYPRUS BANK LEVY BILL DEFEATED WITH 36 VOTES AGAINST
• CYPRUS BANK LEVY BILL DEFEATED WITH 19 ABSTENTIONS
• CYPRUS PARLIAMENT VOTED IN SHOW OF HANDS IN NICOSIA
• ANASTASIADES FAILS TO SECURE VOTES FOR DEPOSIT LOSS BILL

What happens now, nobody knows. Prepare for a litany of very angry headlines out of the inner sanctum of Europe's despotic chambers. Hopefully Pisani can explain it all.

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