As more details of a possible deal in Brussels come through, the Greek daily Kathimerini reports that ehe hold-up in tonight's negotiations was caused by differences between Nicosia and the IMF over the potential merger of Cyprus Popular Bank (Laiki) and Bank of Cyprus.
It adds:
The IMF and Germany insist that after being split into a good and bad bank, “good” Laiki should be merged with Bank of Cyprus and the new lender should then assume liability for the 9 billion euros that Laiki received as Emergency Liquidity Assistance (ELA) from the European Central Bank.
Anastasiades reportedly rejected this proposal and warned Lagarde that he would be forced to resign if the IMF insisted on it.
Furthermore, deposits that are above 100,000 euros, and therefore uninsured, at the Bank of Cyprus face a deposit tax of between 30 and 40 percent, as Nicosia tries to raise the funds demanded by the troika to qualify for a 10-billion-euro bailout.
Sources suggested that deposits at other banks in Cyprus would be spared a haircut.
It takes a man a long time to learn all the lessons of all of his mistakes.
They say there are two sides to everything. But there is only one side to the stock market;
and it is not the bull side or the bear side, but the right side. .
狗仔卡
发表于 2013-3-24 07:38 PM
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
发表于 2013-3-24 07:43 PM
Let Chairman Bafei answer this question.
