Cyprus Banks to Remain Closed in 'Next Few Days'
Cyprus took the unprecedented step on Monday of closing its banks until Thursday, but officials have decided to keep banks shut down "in the next few days" until an agreement is concluded.
Nicholas Papadopoulos, the chairman of the parliamentary finance committee, said banks would remain closed "for as long as we need to conclude an agreement" but stressed this would be "in the next few days."
Banks had been ordered to remain shut until Thursday while the bill was debated and amended, to prevent a bank run.
Cypriot President Nicos Anastasiades is meeting party leaders to hammer out a Plan B after a one-off tax on savings failed to get the support of any MPs.
President Anastasiades is holding the emergency meeting of party leaders and the central bank governor in Nicosia to "examine alternative plans to address the situation that may arise following... the parliamentary vote", his office said, as cited by BBC.
Anastasiades, who was elected to the presidency on 24 February, will also hold a cabinet meeting and talks with the European Union, European Central Bank and International Monetary Fund (IMF).
Germany says banks in Cyprus may never reopen if a bailout is not agreed.
Banks in Cyprus have been shut until Thursday to prevent mass withdrawals. The stock exchange remains closed.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Russian Nuclear Threats: US steps up Surveillance, Poland wants “Devastating” NATO response
- » Peskov: Our Minimum Goal is Complete Liberation of the DPR
- » Day 217 of the Invasion of Ukraine: Putin Plans New Offensive, Zelensky wants Russia out of All Int. Organizations
- » German Consumer Sentiment Collapses to Record Low due to Inflation and Energy Crisis
- » What are the Early Results of the "Referendums" in Occupied Ukraine
- » Medvedev: If Moscow is Forced to use Nuclear Weapons in Ukraine, NATO will Not Retaliate