Arab Today, arab today cyprus bank workers march on presidency
Last Updated : GMT 15:22:49
Arab Today, arab today
Arab Today, arab today

Cyprus bank workers march on presidency

Arab Today, arab today

Arab Today, arab today Cyprus bank workers march on presidency

Nicosia - AFP

At least 1,000 bank workers fearing for their jobs staged a march on the Cyprus presidency on Saturday ahead of a planned protest outside parliament which is to debate a bailout to save the island from bankruptcy. An AFP journalist said the workers marched from the headquarters of the Cyprus Union of Bank Employees (ETYK) towards the presidential compound where they held a brief rally at the gates before heading towards the finance ministry. The marchers held placards that read: \"Hands off provident funds\" and \"No to the bankruptcy of Cyprus\" as well as \"Let us dream.\" Police initially blocked the protesters from nearing the presidential palace before then letting them through. The Cypriot authorities are scrambling to raise 5.8 billion euros ($7.5 billion) before a Monday deadline set by the European Central Bank or it will cut off emergency financial aid to the island. Finance Minister Michalis Sarris said \"significant progress\" has been made in talks with the EU, ECB and IMF aimed at clinching a 10 billion-euro ($13 billion) bailout to save the eurozone member from looming bankruptcy. Sarris estimated the legislation would be tabled in parliament later on Saturday, but an official cited by CNA state news agency played down the likelihood of that happening. The bank workers marched peacefully, but anger was also evident. \"We are protesting to save our jobs and our provident funds. We are put in this situation by our European friends,\" one bank employee identifying himself only as Petros told AFP. Saturday\'s talks came after parliament passed a raft of bills late on Friday including to create a solidarity fund, impose capital controls and restructure an outsized banking sector. Nicosia is considering imposing a tax of around 25 percent on deposits of more than 100,000 euros held at the Bank of Cyprus, the island\'s largest lender, as well as restructuring Laiki Bank (or Popular Bank) into a \"good\" and \"bad\" bank. Laiki\'s workforce -- amounting to about one percent of Cyprus\' 840,000 population -- reflects the bloated size of the banking sector blamed by the EU for being behind the crisis.

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*

Arab Today, arab today cyprus bank workers march on presidency Arab Today, arab today cyprus bank workers march on presidency

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
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