Joseph Cotterill

Cyprus Rejects E.U. Bailout Deal

Lawmakers in Cyprus turned down a â?¬10 billion package from the European Union yesterday, calling it not a bailout but blackmail. It would have taxed ordinary bank deposits and left bondholders alone, a widely-criticized move that all but ensured its defeat. The European Central Bank had threatened to “halt liquidity”  if Cyprus didn’t push through the […]