Wednesday May 27, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Cyprus may delay vote on bank depositor tax, looking at 'Plan B'

It was unclear on Tuesday morning whether Cyprus would hold a postponed vote on a bank deposit tax demanded by the eurozone and International Monetary Fund as part of a bailout.

Cypriot government spokesman Christos Stylianidis told Skai TV on Tuesday morning that there was no indication at that point that the vote, initially expected on Sunday, would be held.

Minutes later, Defense Minister Fotis Fotiou told Skai that it was possible the debate would be delayed or that if it started on Tuesday, the vote might happen a day later.

Stylianidis and Fotiou confirmed that as things stand, there is not enough support in Cypriot Parliament to approve the tax.

Stylianidis said the government was examining changing the levy, with the possibility of savers with less than 100,000 euros in their accounts facing smaller charges or no charge at all.

Fotiou, meanwhile, compared the situation in Cyprus to the Turkish invasion of the island.

“Of course it’s similar,” he said, while adding that Nicosia is looking at other options.

“If this does not pass through Parliament then it is part of responsible politics for us to look at Plan B, which we are examining but can’t discuss publicly,” he said.

As of Monday night, it looked extremely doubtful whether President Nicos Anastasiades would get the 29 votes he would need for a majority in the 56-seat Parliament.

His Democratic Rally party (DISY) has 20 seats and will rely on support from its coalition partner, the Democratic Party (DIKO), which has eight MPs and then at least one of the two European Party (EVROKO) deputies or an independent lawmakers to support the tax.

The Communist Party (AKEL), the Socialists (EDEK) and the Greens said they would reject the levy.

However, DIKO indicated on Monday that it would not support the tax, which foresees deposits over 100,000 euros being taxed at 9.9 percent and those under 100,000 facing a one-off levy of 6.75 percent. It referred to the Eurogroup’s decision to approve the measure as “catastrophic.”

ekathimerini.com , Tuesday March 19, 2013 (11:06)  
Man charged for posting racist comments online
FYROM PM blames Greece for name impasse
Kareli trial postponed
Target of Greek scorn shapes nation’s fate as IMF’s storm-chaser
ECB said to leave emergency aid level for Greek banks unchanged
The European Central Bank left the level of emergency cash available to Greek banks unchanged from a week ago, said two people familiar with the matter. During a telephone call on Wednesday,...
A guide to Greece´s debt crisis and what´s at stake
Greece is out of cash to repay debts due as soon as next week. The country and its creditors — other eurozone countries and the International Monetary Fund — have been locked in negotiations...
Inside Business
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
SOCCER
Berg brace gives Panathinaikos four-point lead
Panathinaikos beat Atromitos on Sunday and took advantage of the goalless draw between PAOK and Asteras Tripolis to open a four-point gap from PAOK at the top of the Super League play-off mi...
Inside Sports
COMMENTARY
Romantic notions meet reality
Before the elections, there was a considerable number of people who totally disagreed with the ideas and program put forward by SYRIZA, but they expected that the leftist party would, at lea...
EDITORIAL
Solving the Gordian Knot
The leftist-led government, as well as the country, have both been seriously damaged and exposed to risk from the evident indecision and repeated contradictions dogging the ongoing negotiati...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. ECB said to leave emergency aid level for Greek banks unchanged
2. A guide to Greece´s debt crisis and what´s at stake
3. Man charged for posting racist comments online
4. The G-7´s problem: Can the world deal with a Greek default?
5. FYROM PM blames Greece for name impasse
6. Kareli trial postponed
more news
Today
This Week
1. Target of Greek scorn shapes nation’s fate as IMF’s storm-chaser
2. Romantic notions meet reality
3. Some 300 mln left banks on Tuesday
4. Solving the Gordian Knot
5. The G-7's problem: Can the world deal with a Greek default?
6. FYROM PM blames Greece for name impasse
Today
This Week
1. Conspiracy madness
2. National self-awareness put to the test
3. Albanian demarche raises concerns about possible territorial claims over Greece
4. Hotel contracts with a ‘Greek default clause’
5. Neither Grexit nor a dual currency will solve Greece’s problems
6. Merkel said to plan address for Greece if deal reached
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.