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    Posted: Apr 28 2013 at 7:51am
le about 16 million of North Korea's 25 million people suffer from hunger and malnutrition. "For too long the population of the country has been subjected to widespread and systematic human rights violations and abuses," said Ireland's ambassador, Gerard Corr, speaking on behalf of the European Union. "For too long, the government of the DPRK has persistently refused to cooperate with the Human Rights Council and the special rapporteur." Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. An insider's guide to politics and policy, available on the iPad or as a PDF download.[标签:标题]
By ELENA BECATOROS and MENELAOS HADJICOSTIS, Associated Press NICOSIA, Cyprus (AP) Cypriot politicians moved Thursday to restructure the country's most troubled bank as part of a broader bailout plan that must be in place by Monday to avoid financial ruin. Concerned customers rushed to get cash from ATMs as bank employees protested. Cyprus has been told it must raise 5.8 billion euros ($7.5 billion) if it is to receive 10 billion euros ($12.9 billion) from its fellow eurozone countries and the International Monetary Fund. If it does not find a way by Monday, the European Central Bank said it will cut off emergency support to the banks, letting them collapse. That would throw the country into financial chaos and, ultimately, cause it to leave the eurozone, with unpredictable consequences for the region. Several new bills were being submitted to Parliament Thursday night, including restructuring the banking sector, setting up an "Investment Solidarity Fund" and restricting banking transactions in times of crisis. Together, they will make up at least part of the alternative plan Cyprus hopes will secure it bailout money. The lawmakers said the bills would be discussed and potentially voted on Friday morning. The pressure has increased since Parliament on Tuesday rejected an earlier proposal to seize up to 10 percent of people's bank accounts. Banks have been shut since last weekend to avoid a run and will not open until Tuesday at the earliest. Uncertainty was growing among Cypriots as the deadline approached and it became clear that the country's second-largest bank, Laiki or Cyprus Popular Bank, would be restructured. Queues of 40 to 50 people formed at Laiki ATMs,toms shoes discount, which responded by capping daily withdrawals at 260 euros ($340) per person from 700 euros ($906). Although ATMs have been functioning, many often run out of cash. "We need cash. We have families, children, grandchildren and expenses, and the banks have been closed since Saturday,toms kids shoes," said Andri Olympiou after withdrawing money from a Laiki branch in Nicosia, the capital. The central bank governor, Panicos Demetriades, urged lawmakers to vote immediately on a legal framework bill to rehabilitate Cyprus's banking sector. The bills include restructuring Laiki,toms outlet, a move that would raise an estimated 2 billion euros out of the total 5.8 billion euros Cyprus needs, according to local media. Once it is Related articles:
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