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Cyprus parliament rejects privatisation plan sought by lenders
February 27, 2014 / 6:25 PM / 4 years ago

Cyprus parliament rejects privatisation plan sought by lenders

NICOSIA, Feb 27 (Reuters) - Cyprus’s parliament on Thursday rejected a privatisation plan that is necessary for the island to receive a new tranche of international aid.

In a cliffhanger vote, 25 lawmakers rejected the bill, 25 approved it and there were five abstentions. Approval of the privatisations is mandatory under terms of a 10 billion euro bailout the island secured a year ago, and for the fourth tranche of aid in March.

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