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Cypriot official: vote on savings grab to go ahead

 Pedestrians pass outside the headquarters of Bank of Cyprus as the bank will remain closed for two days in Athens, Tuesday, March 19, 2013. Banks sto...
 A customer of Bank of Cyprus uses the ATM at the headquarters offices as the bank will remain closed for two days in Athens, Tuesday, March 19, 2013....

Greece Cyprus Financial Crisis

Pedestrians pass outside the headquarters of Bank of Cyprus as the bank will remain closed for two days in Athens, Tuesday, March 19, 2013. Banks sto...

Greece Cyprus Financial Crisis

A customer of Bank of Cyprus uses the ATM at the headquarters offices as the bank will remain closed for two days in Athens, Tuesday, March 19, 2013....

The Cypriot speaker of the house says a parliamentary vote on a plan to seize part of bank deposits will go ahead as scheduled today, despite a request by the governing party for a delay.
Yiannakis Omirou said the vote would be held Tuesday evening. DISY lawmaker Averof Neophytou had argued that postponing the vote to Wednesday would give legislators a chance to seek a solution that would prevent "the big dangers our country is facing."
The government presented a plan over the weekend to dip directly into people's Cypriot bank accounts in order to contribute (EURO)5.8 billion ($7.5 billion) out of a (EURO)15.8 billion bailout. The move has caused an uproar.
The government brought an amended bill Tuesday that will shield small savers with up to (EURO)20,000 ($25,858) in the bank from the seizure. But the government proposal still faces stiff resistance and may not pass the vote.


Updated : 2021-04-11 06:29 GMT+08:00