Just as we predicted yesterday, the Cyprus bailout vote has not passed parliament in a move that was merely there to force Germany's bluff.

CYPRUS BANK LEVY BILL DEFEATED WITH 36 VOTES AGAINST

CYPRUS BANK LEVY BILL DEFEATED WITH 19 ABSTENTIONS

CYPRUS PARLIAMENT VOTED IN SHOW OF HANDS IN NICOSIA

ANASTASIADES FAILS TO SECURE VOTES FOR DEPOSIT LOSS BILL

What happens now, nobody knows. Prepare for a litany of very angry headlines out of the inner sanctum of Europe's despotic chambers. Hopefully Pisani can explain it all.