Friday October 24, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Anastasiades lines up meeting with Cypriot party leaders, vote likely postponed

Cypriot President Nicos Anastasiades is due to meet with party leaders on Wednesday morning to discuss a controversial deposit tax after apparently ditching an attempt to pass it through Parliament on Tuesday due to a lack of support.

The parliamentary debate and vote looked to have been postponed for a second time since Sunday as it seemed clear that Anastasiades would not get enough support on Tuesday, despite tweaking the original plan for the levy so depositors with less than 20,000 euros in the bank would be exempted.

Greece's state TV (NET) and private channel Mega reported that Anastasiades wants to hold talks with all the island's party leaders before deciding whether to proceed with a vote.

According to the draft law submitted to the House’s economic committee on Tuesday morning, depositors with 20,000 to 100,000 euros in savings would face a 6.75 percent, as before. Those with more than 100,000 euros will be charged at a rate of 9.9 percent, as was agreed at a Eurogroup meeting that ended on Saturday morning.

Eurozone finance ministers agreed on Monday night during a teleconference to allow Cyprus to make changes to the tax as long as it raised the agreed amount of 5.8 billion euros.

It is estimated that the exemption of deposits under 20,000 euros will leave Nicosia with a shortfall of up to 400 million euros It was not clear how this gap would be filled.

Anastasiades needs 29 votes 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. It referred to the Eurogroup’s decision to approve the measure as “catastrophic.”

ekathimerini.com , Tuesday March 19, 2013 (15:10)  
Greek private workers´ union calls 24-hour strike for November 27
Finance Minister appeals for support for amendments ahead of vote
Credit line only open to Greece if it meets economic targets, sources say
Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
ECB bank assessment to show 6-billion-euro capital gap, Citi says
The euro area’s biggest banks will show a 6 billion-euro ($7.6 billion) capital gap in the European Central Bank’s tests of the quality of their assets and ability to withstand economic shoc...
ECB vies for third time lucky in European stress tests
For the European Central Bank, success as the euro area’s financial supervisor may begin this weekend with a few failures. At noon in Frankfurt on October 26, investors will learn which of t...
Inside Business
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
BASKETBALL
Greens succumb to first loss at Bayern
Panathinaikos’s unbeaten run in all competitions came an end on Thursday as the Greek champion lost 81-75 at Bayern Munich for the Euroleague. Bayern is a team that improves every year, and ...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek private workers´ union calls 24-hour strike for November 27
2. Finance Minister appeals for support for amendments ahead of vote
3. Credit line only open to Greece if it meets economic targets, sources say
4. ECB bank assessment to show 6-billion-euro capital gap, Citi says
5. Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
6. ECB vies for third time lucky in European stress tests
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. Clocks to go back 1 hour on Sunday
3. ECB vies for third time lucky in European stress tests
4. Cyprus GDP upgrade seen as boosting bailout exit plans
5. Cyprus president to be released from hospital on Friday following readmission
6. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Coalition shooting itself in the foot
4. Greece must stick to reforms, says Schaeuble
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.