Cyprus News Agency: News in English, 13-03-20

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>

CONTENTS

[01] UNSG to meet with Downer

[02] Deposit protection scheme should be respected, says Cameron

[03] Banks will remain closed Thursday and Friday

[01] UNSG to meet with Downer

The Australian former Foreign Minister arrived in New York on Monday and had already met with the UN Undersecretary General for Political Affairs Jeffrey Feltman, members of the UN Secretariat team dealing with the Cyprus issue and the permanent representatives of Britain, France and China, while he will meet with U.S. permanent representative.

[02] Deposit protection scheme should be respected, says Cameron

He was referring to the Eurogroup decision on a one-off levy on all deposits in banks on Cyprus soil, including ones under the 100,000 euro guarantee limit.

The proposed measure was rejected by the House of Representative sin Nicosia on Tuesday. Responding to the Labour leader's questions, the Prime Minister said that respect of such schemes for the protection of small savers was "the whole point".

[03] Banks will remain closed Thursday and Friday

In the statement issued Wednesday, the Ministry notes that "subsequently to the rejection of the Bill for the imposition of a fee on deposits, by the House of Representatives, it is deemed necessary, on grounds of public interest in order to ensure financial stability, to declare the 21st and 22nd of March 2013 as a bank holiday".

It is added that during the bank holiday, no banking transactions will be carried out.

Cyprus News Agency: News in English Directory - Previous Article - Next Article