Eurozone in disarray after Cyprus rejects bank levy

  • 11 years ago
Cypriot ministers voted down the proposed levy on the island's bank deposits on Tuesday, thrusting the eurozone into further difficulties.

Bowing to pressure from the hundreds of protesters gathered outside the parliament, the ruling party of Cyprus abstained and 36 other lawmakers voted unanimously to reject the bill even though the country is on the brink of financial meltdown.

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