Uncharted territory for eurozone and troika with Cypriot vote

The eurozone and the troika were in uncharted waters last night when the bailout conditions they agreed with Cyprus were resoundingly rejected by the island’s parliament.

The president and head of the government, Nikos Anastasiadis, is under severe pressure from all sides and has called a meeting of the political leaders for this morning.

Members of parliament said they expected he would try to renegotiate the terms of the deal with the troika and in the meantime his finance minister is meeting his Russian counterpart in Moscow this morning.