Cyprus parliament approves international bailout deal April 30, 2013 - 20:33 AMT PanARMENIAN.Net - Parliament in Cyprus has approved the country's international bailout after warnings that the alternative would be financial collapse, BBC News reported. 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 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 An early proposal to raise money through a levy on all bank deposits was quickly withdrawn.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.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
