Cypriot parliament rejects levy on bank deposits

 　　NICOSIA, March 19 (Xinhua) -- Cyprus' parliament rejected a Eurogroup imposed haircut on bank deposits on Tuesday, plunging¹ the eastern Mediterranean² island into economic uncertainty³ verging⁴ on uncontrolled default.

　　The 56 member-chamber threw out the levy⁵ legislation with 36 against, 19 abstentions and no one in favor.

　　The levy was decided⁶ at the end of last week at a Eurogroup finance ministers meeting in Brussels, after Cyprus President Nicos Anastasiades was warned that emergency liquidity⁷ assistance to the Cypriot hard pressed banks would be immediately discontinued.

　　In a vain effort to build consensus⁹, the government had revised the provisions of the original law so as to spare small savers with up to 20,000 euro deposits from a 6.75 levy.

　　It suggested that deposits between 20,000 and 100,000 euros be taxed with 6.75 per cent and deposits of over 100,000 euros be slashed¹⁰ by 9.9 percent.

　　However the measure did not convince opposition¹¹ parties and even the junior government coalition¹² DIKO party which sided with the opposition in rejecting the bill.

　　President Anastasiades' own DISY party with 20 seats in parliament abstained¹³ when the bill was voted upon. One DISY deputy was absent on a trip abroad.

　　Parliament's decision was greeted with cries of joy by hundreds of flag-waving demonstrators who had gathered in a nearby square expressing opposition to the deposits levy and urging deputies to reject it.

　　Demonstrators shouted slogans such as "Cyprus belongs to its people", "Troika get out of Cyprus."

　　Among the demonstrators were several Spanish and Portuguese¹⁴ who said they shared the Cypriots' opposition to the deposits levy, because they feared that had the bill been passed they would be next in line for a deposits haircut.

　　During the two-hour debate the leaders of the five parliamentary parties denounced the Eurogroup for trying to impose a humiliating arrangement on one of the smallest EU member countries.

　　They accused some Eurogroup countries, most notably¹⁵ Germany, of aiming at demolishing¹⁶ the island's economy which is based on the services and banking¹⁷ sectors¹⁸ which cater¹⁹ for several thousand foreign businesses.

　　Approval of the levy legislation along with another bill increasing the corporate²⁰ tax from 10 percent to 12.5 percent was a condition for a 10 billion euro bailout by the Eurogroup and the International Monetary²¹ fund.

　　It is unclear how the decision will affect the bailout deal.

　　There was still no reaction yet by President Anastasiades who has to deal with the prospect²² of the immediate⁸ collapse²³ of the island's second largest lender, Cyprus Popular Bank, and a possible run on the largest lender, Bank of Cyprus.

　　Cypriot banks are due to reopen on Thursday following a two-day bank holiday decreed by the ministry²⁴ of finance as a way of preventing a bank run and calming down depositors jitters²⁵. No one could still say how depositors will behave in the face of a possible collapse of the banking system.

　　In a move reflecting anxiety over what could happen next, Britain sent a military plane carrying one million euros in cash to Cyprus on Tuesday for the needs of about 3,500 military personnel serving in two bases on the island in case cash machines and bank cards stop working.

　　The British defense²⁶ ministry said it would also give a choice to British servicemen to have their wages deposited in British bank accounts rather than Cypriot banks.

1 plunging   

adj.跳进的，突进的v.颠簸( plunge的现在分词 )；暴跌；骤降；突降

参考例句：

• War broke out again, plunging the people into misery and suffering. 战祸复发，生灵涂炭。 来自《现代汉英综合大词典》
• He is plunging into an abyss of despair. 他陷入了绝望的深渊。 来自《简明英汉词典》

2 Mediterranean   

adj.地中海的；地中海沿岸的

参考例句：

• The houses are Mediterranean in character.这些房子都属地中海风格。
• Gibraltar is the key to the Mediterranean.直布罗陀是地中海的要冲。

3 uncertainty   

n.易变，靠不住，不确知，不确定的事物

参考例句：

• Her comments will add to the uncertainty of the situation.她的批评将会使局势更加不稳定。
• After six weeks of uncertainty,the strain was beginning to take its toll.6个星期的忐忑不安后，压力开始产生影响了。

4 verging   

接近，逼近（verge的现在分词形式）

参考例句：

• He vowed understanding, verging on sympathy, for our approach. 他宣称对我们提出的做法很理解，而且近乎同情。
• He's verging on 80 now and needs constant attention. 他已近80岁，需要侍候左右。

5 levy   

n.征收税或其他款项，征收额

参考例句：

• They levy a tax on him.他们向他征税。
• A direct food levy was imposed by the local government.地方政府征收了食品税。

6 decided   

adj.决定了的，坚决的；明显的，明确的

参考例句：

• This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
• There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。

7 liquidity   

n.流动性，偿债能力，流动资产

参考例句：

• The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
• The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。

8 immediate   

adj.立即的；直接的，最接近的；紧靠的

参考例句：

• His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
• We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。

9 consensus   

n.(意见等的)一致，一致同意，共识

参考例句：

• Can we reach a consensus on this issue?我们能在这个问题上取得一致意见吗？
• What is the consensus of opinion at the afternoon meeting?下午会议上一致的意见是什么？

10 slashed   

v.挥砍( slash的过去式和过去分词 )；鞭打；割破；削减

参考例句：

• Someone had slashed the tyres on my car. 有人把我的汽车轮胎割破了。
• He slashed the bark off the tree with his knife. 他用刀把树皮从树上砍下。 来自《简明英汉词典》

11 opposition   

n.反对，敌对

参考例句：

• The party leader is facing opposition in his own backyard.该党领袖在自己的党內遇到了反对。
• The police tried to break down the prisoner's opposition.警察设法制住了那个囚犯的反抗。

12 coalition   

n.结合体，同盟，结合，联合

参考例句：

• The several parties formed a coalition.这几个政党组成了政治联盟。
• Coalition forces take great care to avoid civilian casualties.联盟军队竭尽全力避免造成平民伤亡。

13 abstained   

v.戒（尤指酒），戒除( abstain的过去式和过去分词 )；弃权（不投票）

参考例句：

• Ten people voted in favour, five against and two abstained. 十人投票赞成，五人反对，两人弃权。
• They collectively abstained (from voting) in the elections for local councilors. 他们在地方议会议员选举中集体弃权。 来自《简明英汉词典》

14 Portuguese   

n.葡萄牙人；葡萄牙语

参考例句：

• They styled their house in the Portuguese manner.他们仿照葡萄牙的风格设计自己的房子。
• Her family is Portuguese in origin.她的家族是葡萄牙血统。

15 notably   

adv.值得注意地，显著地，尤其地，特别地

参考例句：

• Many students were absent,notably the monitor.许多学生缺席，特别是连班长也没来。
• A notably short,silver-haired man,he plays basketball with his staff several times a week.他个子明显较为矮小，一头银发，每周都会和他的员工一起打几次篮球。

16 demolishing   

v.摧毁( demolish的现在分词 )；推翻；拆毁（尤指大建筑物）；吃光

参考例句：

• The machine was designed specially for demolishing old buildings. 这种机器是专为拆毁旧楼房而设计的。 来自《用法词典》
• Conventional demolishing work would have caused considerable interruptions in traffic. 如果采用一般的拆除方法就要引起交通的严重中断。 来自辞典例句

17 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

18 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

19 cater   

vi.(for/to)满足，迎合；(for)提供饮食及服务

参考例句：

• I expect he will be able to cater for your particular needs.我预计他能满足你的特殊需要。
• Most schools cater for children of different abilities.大多数学校能够满足具有不同天资的儿童的需要。

20 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

21 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

22 prospect   

n.前景，前途；景色，视野

参考例句：

• This state of things holds out a cheerful prospect.事态呈现出可喜的前景。
• The prospect became more evident.前景变得更加明朗了。

23 collapse   

vi.累倒；昏倒；倒塌；塌陷

参考例句：

• The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
• The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。

24 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

25 jitters   

n.pl.紧张(通常前面要有the)

参考例句：

• I always get the jitters before exams. 我考试前总是很紧张。
• The whole city had the jitters from the bombing. 全城居民都为轰炸而心神不宁。

26 defense   

n.防御，保卫；[pl.]防务工事；辩护，答辩

参考例句：

• The accused has the right to defense.被告人有权获得辩护。
• The war has impacted the area with military and defense workers.战争使那个地区挤满了军队和防御工程人员。