Tolerance.ca
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations, Tolerance.ca® aims to promote awareness of the major democratic principles on which tolerance is based.

Cyprus wavers over bailout vote

It makes up just 0.2% of the euro zone economy but the crisis in Cyprus could shake the foundations of the whole bloc. The Cypriot government has now proposed sparing small savers from a divisive tax on bank deposits. But the Cypriot President believes with no party majority parliament is still likely reject a proposed bailout plan. That will leave the tiny island facing default and a banking collapse. SOUNDBITE Cypriot President, Nicos Anastasiades, saying (English): "The feeling I'm having is that the house is going to reject the bill." (Reporter asking: Why is that?) "Because they feel and they think it's unjust and that it is against the interests of Cyprus at large." (Reporter asking: How will you treat this information and what will you do with it?) "We have our own plans." Euro zone leaders agreed at the weekend to give Cyprus a 10bln euro bailout. But the deal is on condition Cypriot banks raise the rest of the money from savers.

© DailyMotion -


Comment on this article!
To post a comment, we encourage you to become a member of Tolerance.ca® or log in if you are already a member. You can still post your commentwithout registering, but you will need to fill your personal information each time.

Become a member (free)   |   Log in

Postings are subject to the terms and conditions of Tolerance.ca®. Before submitting your message , you must read the Terms and conditions of Tolerance.ca® and agree to them by checking the box below.
Your name:
Email:
Heading:
Message:
 
  I have read and agree to the Terms and conditions of Tolerance.ca®.
Follow us on ...
Facebook Twitter