listen here

Patriot Broadcast From the Trenches Schedule 

Or you can mail donations to Henry Shivley at P.O. Box 964, Chiloquin, OR 97624

Parliament in Cyprus passes international bailout deal

Women withdraw cash from machines in Nicosia, Cyprus, 30 April  BBC

Parliament in Cyprus has approved the country’s international bailout after warnings that the alternative would be financial collapse.

MPs voted through the loan package by 29 votes to 27.

The tiny eurozone state secured a loan package worth 10bn euros (£8.4; $13bn) from its EU partners and the International Monetary Fund.  

In return it must raise 13bn euros, largely banking reform.

An early proposal to raise money through a levy on all bank deposits was quickly withdrawn.

But anger has continued smouldering. Under the bailout, depositors will be forced to take major losses on savings over 100,000 euros, and capital controls were imposed in March.

The Cypriot financial crisis developed because of its exposure to Greece’s economic problems.

‘Enslavement deal’

No single party had a majority in the 56-member parliament but the three-party, centre-right coalition in power had 30 seats in total – one more than needed to pass the bailout.

President Nicos Anastasiades had appealed to lawmakers to act with the national interest in mind.

“What we’re called upon today to do is to adopt a loan agreement that will allow our country to breathe and to give us the chance to overcome whichever problems we’re facing amid this crisis,” he told reporters.

Government spokesman Christos Stylianides told state radio: “We have had enough of delusions.

“We don’t have another choice. Whoever has one should tell us what it is.”

But George Perdikis, an MP for the Greens party, said before the vote: “A ‘yes’ from Cyprus’s parliament is by far the biggest defeat in our 8,000-year history.

“Its democratically elected representatives have a gun to their head to agree to a deal of enslavement.”

http://www.bbc.co.uk/news/world-europe-22357240

This entry was posted in News. Bookmark the permalink.
771
Don't forget to answer the Security Question before you post comment.

One Response to Parliament in Cyprus passes international bailout deal

  1. Patriot Joe says:

    Hoping Cypriot Patriots storm the Parliament Building and bag every traitor who handed the nation over to the jewish banksters.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

What is 6 + 8 ?
Please leave these two fields as-is:
IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)