Cyprus 'looking forward for the solidarity' of Europe

The Cypriot House speaker, Yiannakis Omirou, told reporters after parliament voted against the bailout measure, "We are looking forward for the solidarity of our partners, this solidarity which is the fundamental principle of the European family".

Mr Omirou said the government would a meeting tomorrow to discuss "the next steps" after parliament overwhelmingly decided not to issue a tax on bank deposits in the country:

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UK customers escape bank levy

Around 15,000 savers in the UK arm of stricken Cypriot bank Laiki will see their deposits protected under British rules and will escape the Cyprus banking levy.