March 19, 2013 / 6:27 PM / 5 years ago

Cyprus parliament rejects deposit tax for bailout

NICOSIA (Reuters) - Cypriot lawmakers overwhelmingly rejected a deeply unpopular tax on bank deposits on Tuesday, throwing into doubt an international bailout for the troubled euro zone member needed to avert default and a banking collapse.

Protesters shout slogans during an anti-bailout rally outside the parliament in Nicosia March 19, 2013. REUTERS/Yorgos Karahalis

The 56-seat parliament voted by 36 votes against and 19 abstentions to bury the bill, a condition of a 10 billion euro ($13 billion) European Union bailout for the Mediterranean island. One deputy was absent.

Writing by Matt Robinson; editing by Ron Askew

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