Cyprus Vote Delayed Once More As Latest Haircut Proposal Proves Insufficient For Parliament Support
As we suggested, the ongoing wranglings in Cypriot political quarters has resulted in more changes. The President just proposed the 'levy' on deposits begin at EUR 20,000 just hours ahead of today's planned vote.
- CYPRUS REVISED BILL SEES NO LEVY ON DEPOSITS UP TO EU20,000
However, it is still theft of private property which appears to be the philosophical stumbling block for the parties involved and therefore today's vote appears to be delayed:
- ANASTASIADES TO MEET PARTY LEADERS 9 AM TOMORROW: SPOKESPERSON
- CYPRUS PARLIAMENT BANK-LEVY VOTE MAY HAPPEN TOMORROW, CYBC SAYS
We patiently await news that the stock exchange and banks will be closed the whole week...
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