With 36 votes against and 19 abstentions, the Parliament of Cyprus has rejected the bailout from Europe and the International Monetary Fund, which the country would have received if it had cut the bank deposits.
According to the publications, it will have a centre-left orientation and will support SYRIZA and Alexis Tsipras. Meanwhile, the prosecutor's office is investigating the financial management of the Olympic Games in Athens in 2004.
This will be equal to an uncontrolled nuclear explosion as stated by political scientist Haridimos Tsoukas. According to economist Antigone Lyberaki, the government of Cyprus is trying to use people with smaller deposits as a shield against the cuts of large deposits.
The additional recapitalization needs that are coming with the transfer of the assets and liabilities of the Cyprus branches to the Greek financial system will increase to 1.5 billion euro from the originally planned 1.1 billion euro.
The pathos and desire for rebellion in Bulgaria was largely influenced by the civic activity of the Greeks as stated by political analyst Parvan Simeonov for GRReporter. He comments on the developments in the country and the opportunities for development in the coming months.