Cyprus Parliament REJECTS Saving-Account-Levy Bill !!!
The bill was plain insane. It would authorize the government of Cyprus to confiscate 15% of all savings accounts in the banks of Cyprus. And the terms of the bill were actually suggested by the EU? What in this world were they thinking? Such a bill would have easily destroyed Cyprus's economy as most people would have pulled all of their money out of Cyprus banks.
Anyway, in the Cyprus's 56-member parliament, "the ruling party abstained and 36 other lawmakers voted unanimously to reject the bill." And NO ONE VOTED FOR THE BILL.
Keep this in mind: the EU could have easily approved Cyprus's bailout package, just as they did for Ireland, without requesting this draconian bill.