Bundestag approves Cyprus bailout

The German Parliament on 18 April 2013 approved with a large majority a €10 billion EU and International Monetary Fund bailout for Cyprus. They also backed a request to give seven extra years for Ireland and Portugal to repay their loans.

Out of the 600 MPs who cast their vote on the Cyprus bailout, 487 were in favour, 102 against and 13 abstained.

The Social-Democratic opposition, while criticising the way Schaeuble handled the negotiations on the Cypriot bailout - which in a first version would have touched on all deposits on the island - approved the deal out of "European solidarity."

• Primary Source

ESO: Background Information: Ministers finalise €10 billion Cyprus bailout http://www.europeansources.info/record/ministers-finalise-e10-billion-cyprus-bailout/

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