Alexa
  • Directory of Taiwan

Cyprus banks to remain closed another 2 days

 Cypriot Archbishop Chrysostomos II speaks to the media outside Presidential Palace after his meeting with Cypriot president Nicos Anastasiades, in Ni...
 During a crucial top level meeting of Cypriot leaders including from left to right, Cyprus President Nicos Anastasiades, ruling DISY party deputy lea...

Cyprus Financial Crisis

Cypriot Archbishop Chrysostomos II speaks to the media outside Presidential Palace after his meeting with Cypriot president Nicos Anastasiades, in Ni...

Cyprus Financial Crisis

During a crucial top level meeting of Cypriot leaders including from left to right, Cyprus President Nicos Anastasiades, ruling DISY party deputy lea...

Cyprus' banks will remain closed Thursday and Friday as officials try to find a new plan to stave off bankruptcy.
Aliki Stylianou, the central bank's spokeswoman, confirmed the additional two-day closure on Wednesday. The cash-strapped lenders have been closed since Saturday to avoid a bank run.
The Parliament this week rejected a plan to take a portion of bank deposits. That has left Cypriot officials looking for alternative ways to scrounge up some 5.8 billion euros ($7.51 billion) that the country's euro area partners and the IMF expect in order to loan another 10 billion euros.
The money is needed to shore up the ailing banks and government finances. Cypriot authorities kept banks closed in order to avoid a run on the lenders.


Updated : 2021-06-20 08:33 GMT+08:00