Cyprus bailout imminent after tumultuous vote

The parliament of Cyprus approved on the 5 September 2013 financial reforms required to receive the second tranche of its bailout program. The government needed two votes in parliament to overcome resistance by the opposition following a stormy debate.

The Cypriot parliament approved key financial legislation aimed at placing the country's cooperative banks under central bank control.

• Primary Source

ESO: Background information: Cyprus 'on track' for bailout money http://www.europeansources.info/record/cyprus-on-track-for-bailout-money/

BBC News, 06.09.13: Cyprus economic contraction worst since mid-1970s http://www.bbc.co.uk/news/business-23989061

Spiegel Online International, 09.09.13: Threat to Reforms: EU Criticizes Cyprus for Lack of Consultation http://www.spiegel.de/international/europe/european-commission-criticizes-cyprus-for-lack-of-consultation-a-921136.html

Público, 24.09.13: The worst is yet to come (via PressEurop) http://www.presseurop.eu/en/content/article/4168791-worst-yet-come

---