(WASHINGTON) — Lawmakers in Cyprus have voted against a plan to raid ordinary citizens’ bank accounts so the country can pay off debts.
That means Cyprus won’t get the bailout money it needs to stay afloat.
Cyprus could eventually default and pull out of the euro, which, economists say, could eventually affect the U.S. economy.
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Susie East, CNN
Stephan Rockefeller, EastIdahoNews.com
Tara Bench, KSL.com
Jeff Peterson, Deseret News