Cyprus Parliament Rejects European Bailout Proposal: Calls Germany's Bluff

Tyler Durden's picture

Just as we predicted yesterday, the Cyprus bailout vote has not passed parliament in a move that was merely there to force Germany's bluff.

  • CYPRUS BANK LEVY BILL DEFEATED WITH 36 VOTES AGAINST
  • CYPRUS BANK LEVY BILL DEFEATED WITH 19 ABSTENTIONS
  • CYPRUS PARLIAMENT VOTED IN SHOW OF HANDS IN NICOSIA
  • ANASTASIADES FAILS TO SECURE VOTES FOR DEPOSIT LOSS BILL

What happens now, nobody knows. Prepare for a litany of very angry headlines out of the inner sanctum of Europe's despotic chambers. Hopefully Pisani can explain it all.