Cyprus parliament delays vote on deposit levy to Monday


NICOSIA (Reuters) - Cyprus's parliament has postponed until Monday an emergency session to vote on a levy on bank deposits after signs that lawmakers might block the surprise move agreed in Brussels to help fund a bailout and avert national bankruptcy.

In a radical departure from previous aid packages, euro zone finance ministers want Cyprus savers to forfeit up to 9.9 percent of their deposits in return for a 10 billion euro (8.6 billion pounds) bailout for the island, which has been financially crippled by its exposure to neighbouring Greece.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Brazil ex-president Bolsonaro hospitalized again with skin infection
Saudi Arabia posts 3.3-bln-USD deficit in Q1
Russian attacks on Kharkiv and region kill one, injure 17, officials say
Tanzania's southern highway shut down after 4 bridges washed away by flash floods
Feature: Gastronomy festival on Seine marks 60th anniversary of China-France ties
Key separatist commander among 3 killed in Cameroon's restive Anglophone region
Ukrainians in embattled east mark third Easter under fire
Death toll from southern Brazil rainfall rises to 75, many still missing
South Africa inquiry blames authorities for neglect leading to deadly fire
Death toll from Kenya floods rises to 228

Others Also Read