Cypriot passports for major account holders who suffered haircut

Cyprus President Nicos Anastasiades said on Sunday that foreigners with bank deposits in Cyprus who lost more than 3 million euros under an EU bailout for the island would be given passports.

“Non-resident investors who held deposits prior» to the bailout and lost «at least 3 million euros will be eligible to apply for Cypriot citizenship,» he told a Russian business conference in the coastal resort of Limassol.