NICOSIA (Reuters) - Cyprus re-submitted a controversial privatisation law to parliament on Friday in a last-ditch attempt to win support from fractious lawmakers threatening to derail its international bailout programme.
The island's opposition-dominated parliament threw out a proposed roadmap for the sale of state assets on Thursday. The 'No' vote raises the risk the island will be plunged back into fiscal turmoil just a year after the 10 billion euro lifeline from the European Union and IMF pulled it back from the brink of default.