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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

    United Nations Secretary General Ban Ki-moon is expected to meet at the UN headquarters with his Special Adviser on Cyprus, Alexander 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

    British Prime Minister David Cameron told Commons that London "made it very clear to the Cyprus government that when you have a deposit protection scheme, such as the one the UK and all of Europe have, it should be respected."

    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

    Banks will remain closed Thursday and Friday, to secure financial stability, a statement by the Finance Ministry says.

    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.


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