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A man passes by anticapitalist graffiti in dowtown of Nicosia, Cyprus, 19 March 2013. Photo by EPA/BGNES
The Cypriot Parliament has expectedly rejected the international bailout package that involves taxing ordinary depositors to pay part of the bill.
There were zero votes in favor, 36 votes against, and 19 abstentions. Cyprus's Parliament has 56 seats.
Lawmakers voted on the plan late on Tuesday, hours after President Nicos Anastasiades said they were likely to reject it.
The BBC has reminded that the country's Finance Ministry had proposed exempting savers with smaller deposits, but opposition remained fierce.
EU Finance Ministers had warned that Cyprus's two biggest banks will collapse if the deal does not go through in some form.
Deputy Prime Minister Atanas Zafirov assured the public that the Bulgarian government is committed to managing inflation effectively ahead of the country’s planned transition to the euro
Deputy Prime Minister and Minister of Innovation and Development Tomislav Donchev expressed confidence in Bulgarian consumers’ ability to adapt during the upcoming transition to the euro
The adoption of the euro in Bulgaria presents a chance to improve the marketplace by creating an environment where honest businesses can thrive, ultimately benefiting consumers
The Bulgarian government is preparing to introduce amendments to the Euro Introduction Act aimed at curbing unjustified price increases during the transition to the euro
From August, the familiar large digital boards and fuel pumps at gas stations across Bulgaria will not be showing prices simultaneously in both leva and euros
The Bulgarian National Bank (BNB) will begin issuing commemorative coins in euros starting next year
The Verkhovna Rada has approved another 90-day extension of martial law and general mobilization in Ukraine
Thomas Waitz, the European Parliament rapporteur on North Macedonia, has revealed that he received death threats in connection with his work on the country’s progress toward EU membership
U.S. President Donald Trump reportedly pressed Ukrainian President Volodymyr Zelensky in a recent phone call to step up military pressure on Russia
U.S. President Donald Trump has issued a stark warning to Russia, threatening a new wave of punitive tariffs unless a peace agreement with Ukraine is reached within the next 50 days
Ukrainian President Volodymyr Zelensky has officially announced his nomination of First Deputy Prime Minister Yulia Svyrydenko to lead the country’s next cabinet
Svenja Hahn, Chairwoman of the Alliance of Liberals and Democrats for Europe (ALDE) and Member of the European Parliament from Germany, has formally requested an urgent meeting
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