Cyprus MPs delay vote on taking money from citizens' bank accounts

Cyprus MPs delay vote on taking money from citizens' bank accounts

An official says Cyprus' parliament had postponed the debate and vote on the controversial levy on all bank deposits that the country's creditors demanded in exchange for €10bn in rescue money.

Parliamentary official Antonis Koutalianos said the vote that was scheduled for Sunday afternoon has been pushed back to Monday, but the exact hour of the vote has yet to be fixed.

The decision to impose the one-time levy of 6.75% on all deposits under €100,000 and 9.9% over that amount has triggered scorn from Cypriot politicians, who condemned it as unfair, bringing in doubt its approval in parliament.

It marks the first time that the 17 eurozone countries and the IMF have dipped into people's savings to finance a bailout.

More on this topic

Adjournment in Cyprus case of British woman accused of making ‘false’ rape claimAdjournment in Cyprus case of British woman accused of making ‘false’ rape claim

Police in Cyprus probing serial killer find woman’s remains in suitcasePolice in Cyprus probing serial killer find woman’s remains in suitcase

Search intensified in Cyprus for remains of suspected serial killer’s victimsSearch intensified in Cyprus for remains of suspected serial killer’s victims

Two more crossings open through Cyprus borderTwo more crossings open through Cyprus border

More in this Section

US state of Virginia marks 400th anniversary of slave ship arrivalUS state of Virginia marks 400th anniversary of slave ship arrival

Johnson’s first summit as PM sees clash with Tusk over Brexit blameJohnson’s first summit as PM sees clash with Tusk over Brexit blame

Tusk and Johnson clash over who will be to blame in case of no-deal BrexitTusk and Johnson clash over who will be to blame in case of no-deal Brexit

Prince Andrew insists he never suspected paedophile Jeffrey EpsteinPrince Andrew insists he never suspected paedophile Jeffrey Epstein


Lifestyle

These green pancakes are topped with avocado, tomato and cottage cheese.How to make Jamie Oliver’s super spinach pancakes

Who else can pull off a look described as a ‘hip-hop Michelin woman’?As her new EP drops, this is why there will never be a style icon quite like Missy Elliott

The classic white-tipped look is once again in favour, and celebs are loving it.The French manicure is back – 5 modern ways to try the trend

The A-Listers hiding in plain sight: As Rihanna is spotted at the cricket, who are the celebs who have been living under our noses in Ireland? Ed Power reports.Celebs in plain sight: The A-Listers living under our noses in Ireland

More From The Irish Examiner