Cyprus Parliament Votes No By Wide Margin On Bailout

Cyprus has rejected a bailout deal designed to stop the country defaulting on its debts. In a contentious vote, lawmakers in Parliament rejected the plan by 36 votes to 19. The country has been rocked by debate and protest over the bailout deal which has been called unfair by Cyprus politicians and leaders as far afield as Moscow. It is now unclear what the country can do in order to resolve its financial situation. The European Union said that Cyprus had to make up about a third of the bailout money by itself. Its attempts to do so seem to have caused…