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Cypriot officials: Plan B drawn up to get bailout

 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...
 At the entrance of a closed Laiki Bank graffiti sprayed on the pavement reads in Greek "thieves" as man walks in capital Nicosia, Cyprus, Wednesday, ...

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 Financial Crisis

At the entrance of a closed Laiki Bank graffiti sprayed on the pavement reads in Greek "thieves" as man walks in capital Nicosia, Cyprus, Wednesday, ...

Three top government officials in Cyprus say an alternate plan has been drawn up to raise funds needed for the country to qualify for an international bailout, and that it will be presented to political party leaders Thursday.
Parliament rejected the previous plan, which involved seizing up to 10 percent of people's bank deposits.
The officials said the new "Plan B" includes some Russian assistance and a smaller bank deposit tax. Parliament is expected to vote on the new bill Thursday.
The officials all spoke on condition of anonymity because the plan was not yet officially being made public.


Updated : 2021-07-28 23:09 GMT+08:00