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Cyprus Parliament Turns Down Privatization Bill

Cyprus' lawmakers on Thursday effectively forced the government to renegotiate terms of legislation that would pave the way for the privatization of state-owned companies. This... More Cyprus' lawmakers on Thursday effectively forced the government to renegotiate terms of legislation that would pave the way for the privatization of state-owned companies. This is a condition of the debt-laden country's rescue deal with international lenders. AKEL leader Andros Kyprianou told parliament before the vote that his party would not consent to the "sell off of the nation's wealth" and denounced what he called the "blackmail" of international lenders. Outside parliament, demonstrators protested the legislation. Find more Wochit videos on Yahoo Screen. Less

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