cyprus finance minister deposit haircut \stupid idea\
Last Updated : GMT 01:55:14
Arab Today, arab today
Arab Today, arab today

Cyprus finance minister: Deposit haircut \'stupid idea\'

Arab Today, arab today

Arab Today, arab today Cyprus finance minister: Deposit haircut \'stupid idea\'

Nicosia - XINHUA

Cyprus\' new finance minister said on Friday that a suggestion for a forced loss on deposits in Cypriot banks as a way to lower a bailout amount is a stupid idea. A haircut on bank deposits or a bail-in has been suggested as a means of lowering the loan amount so as to render manageable the island\'s sovereign debt. However, the suggestion was originally dismissed even as an idea for discussion by new President Nicos Anastasiades in his inaugural address on Thursday and was rejected by his finance minister. \"There is really no more stupid an idea even to consider a suggestion for a haircut on bank deposits,\" said Sarris in remarks to reporters soon after taking up his post. \"It is something unheard of and I cannot understand where these ideas come from,\" he added. German newspaper Die Welt said Friday that a haircut on deposits of over 100,000 euros is one of three alternatives set out in a European Commission working document. The other two alternatives are either a write-down of the sovereign debt along with a program of privatizations and an increase of the corporate tax from 10 to 12.5 percent, or a direct recapitalization of the Cypriot banks by the European Stability Mechanism. Cyprus had requested bailout support but a provisional agreement is still under discussion, pending establishment of the amount needed to recapitalize the banks following huge losses on account of their exposure to the write-down of Greek debt. It is estimated that the eastern Mediterranean island will need about 17.5 billion euros to shore up its banks and fund the running of the government over the next three years. A Eurogroup ministerial meeting will discuss the Cyprus bailout on Monday in Brussels, but a top European Commission official said a bailout agreement is expected to be signed at the end of March

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cyprus finance minister deposit haircut \stupid idea\ cyprus finance minister deposit haircut \stupid idea\

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

cyprus finance minister deposit haircut \stupid idea\ cyprus finance minister deposit haircut \stupid idea\

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday