Cyprus MPs approve tough EU bailout deal | Bangkok Post: news

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Cyprus MPs approve tough EU bailout deal

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The Cypriot parliament narrowly approved on Tuesday a controversial EU-IMF bailout deal after the government warned a rejection would be "catastrophic" for the eastern Mediterranean island's teetering economy. 

Cypriot supporters of left-wing political parties hold a protest outside the parliament in the capital Nicosia on April 30, 2013. The Cypriot parliament narrowly approved on Tuesday a controversial 10-billion-euro ($13 billion) bailout deal agreed with international lenders to stave off bankruptcy for the eurozone member.

The agreement with the "troika" of the European Commission, European Central Bank and International Monetary Fund was endorsed by a vote of 29-27, with no abstentions.

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