RUIN AVERTED?: Lawmakers in Cyprus approved three key bills that aim to raise enough money to qualify the country for a broader bailout package and help it avoid financial ruin.
MORE TO COME: More bills to meet the total target of $7.5 billion Cyprus needs to secure an international bailout will be brought for a vote over the weekend. They include one that imposes a tax of less than 1 percent on all bank deposits, said Averof Neophytou, deputy head of the governing DISY party.
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TO BRUSSELS: Cyprus’ president, Nicos Anastasiades, will travel to Brussels on Saturday to present the revised package to the country’s prospective creditors. There has been no indication yet that they will accept it.
