Cyprus' parliament has rejected a controversial levy on bank deposits, proposed as part of an EU-IMF 13 billion dollars bailout package. No MPs voted for the bill, with 36 voting against and 19 abstaining. Thousands of protesters who had filled the streets outside parliament reacted with joy to the news of the vote.EU Finance Ministers had previously warned that Cyprus' two biggest banks would collapse if the deal failed to go through in some form. But after the vote the European Central Bank (ECB) moved quickly to announce it would continue to provide support for struggling Cypriot banks as needed within the existing rules.President Nicos Anastasiades had urged all parties to back the bailout, saying Cyprus would be bankrupt if the deal did not go ahead.