Cypriot lawmakers overwhelmingly reject bank levy

[News Bandit]

Nicosia - Cypriot lawmakers rejected a tax levy on bank deposits on Tuesday, forcing the eastern Mediterranean country into unchartered territory as bankruptcy looms without urgent bailout funding from international lenders.

 

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[chris2004]

The EUSSR will cough up the cash at the last minute. If they don't it could force a crisis with the euro or force Cyprus into the arms of Russia. They are saving the really BIG bank robberies for Italy and Spain.

[bobbyccc]

Kudos to Cypriot lawmakers. "The power to tax is the power to destroy."