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1st LD: Cypriot parliament approves legislation putting bail-out program back on track

Xinhua, April 18, 2015 Adjust font size:

Cyprus's Parliament approved crucial legislation of repossessions and insolvency on Saturday hopefully putting back on track its bail-out program after a suspension for months.

The 56-seat parliament passed by a majority of 33 to 23 several laws setting out the framework for repossessions and insolvency demanded by international lenders.

The legislation needs to be officially endorsed by the Eurogroup and the International Monetary Fund. Endit