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Official: Cyprus Lawmakers to Vote on Bailout Deal

By Associated Press - Apr 16, 2013 at 2:47PM

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Petros Clerides confirmed to the Associated Press on Tuesday that the deal Cyprus reached with its euro partners and the International Monetary Fund must secure parliamentary approval to become valid.

NICOSIA, Cyprus (AP) -- Cyprus' attorney general says parliament must vote on the 23 billion euro ($30 billion) bailout deal the country has agreed on with international creditors.

Petros Clerides confirmed to the Associated Press on Tuesday that the deal Cyprus reached with its euro partners and the International Monetary Fund must secure parliamentary approval to become valid.

In a written statement Tuesday, deputy government spokesman Victoras Papadopoulos said the government will act according to law.

Cypriot lawmakers have already approved many of the austerity measures that were mandated by the creditors -- the European Commission, the European Central Bank and the IMF. They include cuts to government salaries, tax increases and an overhaul of the troubled banking sector.

The new vote will also cover extra measures that have been agreed upon since then.

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