Cyprus Parliament Passes Financial Measures, Future Uncertain
505 views · Published 23 March 2013 · 2:04 · Indexed 21 September 2026
Channel: Voice of America · 2013 · News & Politics
After last-minute talks Friday, Cyprus lawmakers passed measures required by the European Union to secure a bank bailout. Finance ministers from the 17-nation eurozone still have to meet on Sunday to discuss the details. The country's 56-member parliament had until Monday to find ways to raise $7.5 billion or risk losing billions of dollars in emergency funding from the European Central Bank. Mil Arcega reports for VOA that support from the European partners of Cyprus is needed to avoid a bleak financial future for the nation.
