Cyprus delays bank-deposit levy vote to tomorrow

Cyprus delays bank-deposit levy vote to tomorrow
President Nicos Anastasiades

The parliamentary vote on Cyprus's controversial bank-deposit levy is to be postponed, state media say.

A Cypriot official said the vote on the deposit levy will now take place tomorrow at 6pm local time (4pm Irish time).

Earlier, it emerged that Cyprus’ president is trying to amend a key condition of a draconian eurozone bailout plan that would tax deposits in the country’s banks to reduce its effect on small savers.

But in a nationally-televised speech, President Nicos Anastasiades also urged MPs to approve the tax in a vote today, saying it was essential to save the country from bankruptcy.

More on this topic

Letter to the Editor: Another bust is comingLetter to the Editor: Another bust is coming

Eurozone recession fears on the riseEurozone recession fears on the rise

Did big economies get it wrong after the crash?Did big economies get it wrong after the crash?

ESRI predict 90,000 workers required in 2018/19; Warning against fiscal stimulance in budgetESRI predict 90,000 workers required in 2018/19; Warning against fiscal stimulance in budget

More in this Section

Early life on Earth ‘limited by a single enzyme’Early life on Earth ‘limited by a single enzyme’

Woman, 93, dies from ‘broken heart syndrome’ following burglary in UKWoman, 93, dies from ‘broken heart syndrome’ following burglary in UK

UK Government ‘will struggle with no-deal Brexit immigration restrictions’UK Government ‘will struggle with no-deal Brexit immigration restrictions’

UK opposition leaders agree to meet Jeremy Corbyn to try to block no-deal BrexitUK opposition leaders agree to meet Jeremy Corbyn to try to block no-deal Brexit


Lifestyle

RP O’Donnell says it is hard to find anywhere better than Boston to show your family a great time as he returns to a city he used to call homeA family friendly holiday guide to get the best out of beautiful Boston

More From The Irish Examiner