Saturday July 11, 2020

Cyprus prepares new plan as Russians bad mouth euro

President Nicos Anastasiades of Cyprus met advisers to draft a new plan to stave off financial collapse after lawmakers rejected a proposed bank deposit levy.

21st March, 2013
Lenders in Cyprus are to remain shut for another two days.

President Nicos Anastasiades of Cyprus met advisers to draft a new plan to stave off financial collapse after lawmakers rejected a proposed bank deposit levy.

The government’s alternative plan may include a new version of the deposit tax, according to an unnamed official. The country’s central bank declared that lenders would remain shut for another two days, effectively barring Cypriots from their accounts until March 26 when they’re due to reopen after a national holiday...

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