Tag Archives: bank deposits levy

Eurogroup’s decision on Cyprus was a failure, a top official of the Institute of International Finance told a Cypriot newspaper on Sunday. Hung Tran, the First Deputy Managing Director of the IIF, told Phileleftheros newspaper in Nicosia that the decision to impose a haircut on Cypriot bank accounts was “a …

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A grandmother, resident of Paphos in Cyrpus, had recently developed a habit: every Friday, she would go to a bank branch and withdraw all her savings. On Monday, she would bring it back. After this happened on several weekends, the bank employees could not resist and asked the granny why she …

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With 39 votes against and 19 abstentions from Anastasiades’ ruling party, Cypriots said a historic NO to Eurogroup decision to charge with a levy bank deposits. Upon announcement of the rejecting decision protesters who had gathered outside the Parliament broke in to loud applaud. No one Cypriot MP voted in …

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