Cutting These 10 Everyday Expenses in 2014 Will Save You $8,844
How to Perfectly Plan Your Divorce to Protect Your Assets
PNC Bank Review – Overview of PNC Bank Accounts, Loans and More
Here’s Why Bank of America Just Closed Your Credit Card Without Telling You
2014 Academy Award Statue Valued at Just Under $400
Why You Could Start Seeing Your Credit Score on Your Credit Card Bills
How to Host Your Academy Awards Viewing Party on a Budget
Warren Buffett Reveals His No. 1 Investment Strategy That Anyone Can Follow
Your ATM’s OS is a Decade Old: Here’s Why Banks Are Scrambling to Update It
What You Need to Know About Obama’s $3.9 Trillion 2015 Budget
Discover What a Discover Bank Online Savings Account Can Do For You
4 Tips to Cut Your Monthly Bank Fees
Here’s Why One Analyst Says Bank Stocks Are Going to Double
How Ben Bernanke Earned $250,000 in 40 Minutes
Visa and MasterCard Join Forces to Protect Your Card from Hackers
Parliament in Cyprus passes international bailout deal
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 through 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An early proposal to raise money through a levy on all bank deposits was quickly withdrawn.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."

Hey Ladies: Don’t Miss Out on the Broke Boyfriend Tax Exemption
3 Ways to Fix Your Finances in One Hour for Daylight Saving Time
IRS Reports This Year’s Average Tax Refund is $3,034
How to Start Saving Money for Your Baby’s College Education
How to Find Free Tax Preparation in Your City
IRS Wants to Pay You $25,000 for Saving Your Tax Return
5 Secrets Your Bank Doesn’t Want You to Know
How to Handle the 5 Most Awkward Money Situations
4 Tips to Cut Your Monthly Phone and Cable Bills
Stop Wasting Money Because You Won’t Admit You’re Old
Amazon Prime Price Hike: Is It Worth It?
10 Tips for Winning Your March Madness Bracket and Some Extra Cash
I Lost My W-2! What Should I Do?
4 Cheap, Fun Ways to Celebrate St. Patrick’s Day
What Four Leaf Clovers and Interest Rates Today Have in Common


Visit Statistics