Sunday, March 24, 2013

President Anastasiadis from Brussels: "We have agreement in the interest of the people of Cyprus and the EU" 

At 3:00 this morning the finance ministers of the 17 eurozone countries endorsed an agreement for EU financial assistance for Cyprus. The details of the agreement have not yet been announced however it is believed that several sticking points have been resolved as follows,  no restructuring of Bank of Cyprus, 30% levy on bank accounts over 100,000 in Bank of Cyprus, and no either no  levy on bank accounts other than Laiki and Bank of Cyprus, or possibly a small levy on accounts in other banks to cover pensions lost in Laiki and Bank of Cyprus.

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