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.

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Tue, 03/19/2013 - 14:22 | 3348523 Agent P
Agent P's picture

No bank tax for you!  Next!

Tue, 03/19/2013 - 14:24 | 3348537 camaro68ss
camaro68ss's picture

What a shit show

Tue, 03/19/2013 - 14:25 | 3348554 ZippyBananaPants
ZippyBananaPants's picture

Pisani is a tool

Tue, 03/19/2013 - 14:27 | 3348570 DJ Happy Ending
DJ Happy Ending's picture

Abstaining from a vote like this cracks me up. I wonder how they'll spin that in the future.

Tue, 03/19/2013 - 14:29 | 3348607 SWCroaker
SWCroaker's picture

Show of hands.  No names on record.  Finally, a glimmer of intelligence....

Tue, 03/19/2013 - 14:33 | 3348649 redpill
redpill's picture

Poor Brussels Eurocrats, every time they fix a problem these fucking peasants start VOTING on shit.  Don't they know their place?

Tue, 03/19/2013 - 14:34 | 3348659 Divided States ...
Divided States of America's picture

Someone pressed the Nitro button on the PPT trading desk...thats what happened

Tue, 03/19/2013 - 14:36 | 3348681 LawsofPhysics
LawsofPhysics's picture

Indeed, but there is a POMO today, none tomorrow.

 

http://www.newyorkfed.org/markets/tot_operation_schedule.html


Tue, 03/19/2013 - 14:37 | 3348695 Divided States ...
Divided States of America's picture

Remember, they dont schedule POMOS on TWO occasions.

1) When Bernank is doing a speech (OR maybe Obummer as well)

2) When there is fudged jobs number coming out

 

Tue, 03/19/2013 - 14:40 | 3348728 Thomas
Thomas's picture

Cypriotically transmitted diseases (CTDs) forthcoming.

Tue, 03/19/2013 - 15:08 | 3348871 King_Julian
King_Julian's picture

Can you get that from a toilet seat?

Tue, 03/19/2013 - 15:14 | 3348928 cifo
cifo's picture

5 pages of user comments in less than an hour! Must be an internet record.

Tue, 03/19/2013 - 21:08 | 3350579 mjcOH1
mjcOH1's picture

"Abstaining from a vote like this cracks me up. I wonder how they'll spin that in the future."

Yes me can?
Forward?
Hope?
Change?

Tue, 03/19/2013 - 14:41 | 3348733 LawsofPhysics
LawsofPhysics's picture

business as usual, front-run accordingly.

Tue, 03/19/2013 - 14:57 | 3348800 CClarity
CClarity's picture

Will banks in Cyprus remain closed past the 2 days they said. Don't think they'll open tomorrow with no deal yet

Tue, 03/19/2013 - 14:59 | 3348806 CClarity
CClarity's picture

Oops. 2x post

Tue, 03/19/2013 - 14:35 | 3348668 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

 

As germany drops the liquidity flows, these banks should collapse fast.  This means deal with Mother Russia very likely.  

Gold is standing by for liftoff.

Wonderful days.

Tue, 03/19/2013 - 14:42 | 3348748 gmrpeabody
gmrpeabody's picture

You really need to address those skinny legs, girl.

That don't look healthy.

Tue, 03/19/2013 - 14:45 | 3348770 THX 1178
THX 1178's picture

Depends on what yer into...

Tue, 03/19/2013 - 15:33 | 3349062 Spastica Rex
Spastica Rex's picture

If Mama Cass had shared half her sandwich with Karen Carpenter, would they both still be alive today?

Tue, 03/19/2013 - 15:37 | 3349088 Almost Solvent
Almost Solvent's picture

Karen Carpenter is dead?

WTF?

Oh wait, I'm thinking of that OTHER whore, Donny Osmond.

Tue, 03/19/2013 - 17:55 | 3349763 BeaverFever
BeaverFever's picture

No, he's into beastiality - calls it " Puppy Love"

Tue, 03/19/2013 - 14:35 | 3348627 ZerOhead
ZerOhead's picture

Our European banksters have just avoided a self-inflicted gunshot wound to the head.

That's why we call them Cypriots and not Cypridiots...

Tue, 03/19/2013 - 14:57 | 3348798 catacl1sm
catacl1sm's picture

Been waiting for that one.

Tue, 03/19/2013 - 14:33 | 3348645 MS7
MS7's picture

Well, at least they'll have a future.

Tue, 03/19/2013 - 14:33 | 3348646 SDShack
SDShack's picture

"Really Vlad, I didn't vote for it!" Cyrpus Paliament Member pleads with gun to head.

Tue, 03/19/2013 - 15:12 | 3348906 cifo
cifo's picture

I honestly expected a link to the bigger photo of the legs :)

Tue, 03/19/2013 - 14:33 | 3348651 The Fonz...befo...
The Fonz...before shark jump's picture

Worked for junior senator Barack Obama....how many key votes did he abstain from? Yet the dipshits still vote him in...

Tue, 03/19/2013 - 14:30 | 3348620 Cdad
Cdad's picture

"Look, the important thing is...it is in everyone's [bankers] interest to find a bailout solution for Cyprus.  This is the new financial model that has been embraced by central banks around the world.  Look, we're off our lows."  B. Pisani

Tue, 03/19/2013 - 14:36 | 3348680 TruthInSunshine
TruthInSunshine's picture

 "Once this whole Cypress 'thing' is resolved cleanly, and the 'thingamabobs' affecting Japan, China, France, Italy, Spain, Ireland, Greece, Portugal are cleanly dealt with, it's smooth sailing for the REITs."

-- Bob "Tool of Choice of the Pump & Dumpers" Pisani

Tue, 03/19/2013 - 14:40 | 3348732 Cdad
Cdad's picture

Brother Truth,

You forgot to say, "The important thing is..."

Tue, 03/19/2013 - 14:45 | 3348766 SheepDog-One
SheepDog-One's picture

The important thing is...only peons got hurt in this, elites are all safe!

Tue, 03/19/2013 - 14:41 | 3348738 monopoly
monopoly's picture

Zippy, I think you meant "fool". But they both describe this idiot.

Tue, 03/19/2013 - 15:15 | 3348867 earleflorida
earleflorida's picture

CNBC is a dysfuctional toolbox... where all tools inside have absolutely no real-time functionality other than for a 'Graiglist',  'Antique Sell-a-T?on Auction'! Whence, finding a dusty cubby-hole in the Smithsonian archaic communication "Beta's and Dell-a-Phonic's?, has been!?

Category:  unrecyclable/ obsolescence

Tue, 03/19/2013 - 15:18 | 3348948 yogibear
yogibear's picture

CNBS's Pis-on-mi is a mouthpeice for Wall Street and the banksters.

Tue, 03/19/2013 - 15:54 | 3349183 El Oregonian
El Oregonian's picture

Pisani is a toolish fool.

Fixed

Tue, 03/19/2013 - 14:26 | 3348564 TheFourthStooge-ing
TheFourthStooge-ing's picture

Potemkin Village is burning down, burning down, burning down...

Tue, 03/19/2013 - 14:37 | 3348690 akak
akak's picture

Take the banksters and lock them up, lock them up, lock them up ....

Tue, 03/19/2013 - 14:25 | 3348543 Spider
Spider's picture

Proud of the Cypress people - screw those EU bankers!

Tue, 03/19/2013 - 14:27 | 3348580 camaro68ss
camaro68ss's picture

The banks always find a way to get the people to hold the bag last

Tue, 03/19/2013 - 14:53 | 3348775 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Sadists always congregate disproptionately where they can assert the most influence over others. The degree of sociopathology tends to also be related to how high they rise in the ranks. In an S&M lovefest both the sadists and masochists win. It is the normal people caught in the middle who lose.

Tue, 03/19/2013 - 14:52 | 3348776 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

ribbit..

Tue, 03/19/2013 - 14:56 | 3348792 waterwitch
waterwitch's picture

How'd that work out in Iceland?  Love those island countries!

Tue, 03/19/2013 - 15:18 | 3348952 earleflorida
earleflorida's picture

especially when, 'revenge is best served cold'!

Tue, 03/19/2013 - 14:33 | 3348654 skistroni
skistroni's picture

I tend to think that the Parliament puppets finally realised that they would never get elected again if they would vote for the confiscation, so they're playing tough. I wouldn't bet on bankers getting screwed in the end. 

Tue, 03/19/2013 - 14:45 | 3348767 TPTB_r_TBTF
TPTB_r_TBTF's picture

I tend to think that the parliament puppets fear for their lives.  You donT just up and confiscate russian deposits.

Tue, 03/19/2013 - 15:05 | 3348840 walküre
walküre's picture

if the country is going broke, what the fuck do re-election chances matter anymore?

the puppets are voting to keep their life. nevermind a fucking re-election. if they live to see another day after this, they consider themselves blessed

Tue, 03/19/2013 - 14:33 | 3348658 Kirk2NCC1701
Kirk2NCC1701's picture

"Ich bin ein Cypriot!"

Tue, 03/19/2013 - 14:27 | 3348587 SMG
SMG's picture

The Global Elite will make Cyprus pay dearly for this insolence. 

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