Cypriot parliament adopts anti-crisis legislation

Cypriot lawmakers have voted to establish a national solidarity fund to restructure the country’s banks and to give the government power to impose capital controls in order to prevent a bank run, the Euronews TV channel reports.

The emergency parliamentary session held last night approved these measures in order to avoid an imminent financial meltdown.

Another anti-crisis measure, the rejection of a controversial tax on bank savings, could be back on the table in an alternative form this weekend, Euronews informs.