Banks robbing the people of Cyprus
What happens next?
Well, the Cypriot parliament will vote on the deal tomorrow (conveniently, a bank holiday in Cyprus). This will be a nail-biter.
The parties which supported Cypriot president Nicos Anastasiades only hold 28 out of 56 MP, so not a majority.
Yesterday, Anastasiades issued a stark warning: accept the bailout deal or face “a complete collapse with a possible exit from the euro”.
Given the huge stakes, I reckon that MPs will approve the deal, but it could be close – current voting arithmetic suggests 30 in favour and 26 against, but this is incredibly fluid. Even if the parliament does reject the package, there could still be room for further negotiation.
MORE: http://blogs.telegraph.co.uk/finance/matspersson/100023412/tomorrow-cyprus-could-vote-to-leave-the-euro-this-is-political-dynamite/
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