URGENT ¥¥¥ Cyprus speaker urges vote against bailout 'blackmail'

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(Globalpost/GlobalPost)

The speaker of the Cypriot parliament on Tuesday urged MPs to say "no to blackmail" in a vote on a eurozone bailout aimed at saving the Mediterranean island from bankruptcy.

"There can only be one answer: no to blackmail," Yiannakis Omirou of the socialist Edek party told the parliament. "This decision is no more than a raid on bank funds.

"Our demand must be that this deal must be renegotiated. If we pass this tax there will be no foreign investor who will keep their money here," he said.

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http://www.globalpost.com/dispatch/news/afp/130319/urgent-cyprus-speaker-urges-vote-against-bailout-blackmail