Sunday April 20, 2014 Search
Weather | Athens
17o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Anastasiades, Cypriot party leaders explore 'Plan B' after rejecting deposit tax

Cypriot President Nicos Anastasiades met with party leaders on Wednesday morning in the wake of the Parliament’s decision to reject a deposit tax as part of an EU-IMF bailout.

“The President of the Republic expresses his absolute respect for yesterday’s decision in the House of Representatives,” said a statement from Anastasiades’s office.

It was decided at the leaders’ meeting that the parties would put together technical teams to meet at the Central Bank of Cyprus, where they would discuss “Plan B”.

Among the options being discussed are making use of about 5 billion euros in reserves held by Cyprus’s social security funds and a voluntary swap involving bank deposits and bonds indexed to the island’s natural gas revenues.

The island’s Orthodox Church said it is willing to put its assets, including land, at the disposal of the state.

"The entire wealth of the Church is at the disposal of the country ... so that we can stand on our own two feet and not on those of foreigners," Archbishop Chrysostomos said after meeting Anastasiades early on Wednesday,

The Church of Cyprus is a major shareholder in Cyprus's third-largest domestic lender, Hellenic Bank.

Anastasiades held the talks as Finance Minister Michalis Sarris was in Moscow for talks on alternative sources of financing. An initial round of talks on Wednesday morning proved inconclusive but Sarris said he would remain in Moscow so discussions could continue.

The Cypriot president spoke on the phone for about half an hour with his Russian counterpart Vladimir Putin on Tuesday night after Parliament’s “no” vote.

ekathimerini.com , Wednesday March 20, 2013 (11:28)  
Greek Christians mark rare Good Friday in north Cyprus
Greece offers to help find Turkish F-16 lost in 1996
Talks lined up in wake of ‘shameful’ soccer scenes
Dimou quits To Potami over Holy Fire quip
Eurobank share offering on April 25-29
Greece's third largest lender Eurobank, which is issuing new shares to help plug a capital shortfall, said on Friday that the cash call will take place from April 25 to 29. The transaction o...
PPC to issue corporate bond of 500 mln
Public Power Corporation is planning to tap the markets after Easter with the issue of a corporate bond to draw 500 million euros. The Energy Ministry is also eagerly awaiting the issue, as ...
Inside Business
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
Inside Sports
COMMENTARY
The placebo effect and the economy
Among the greatest mistakes made in the years of Greece’s hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
COMMENTARY
Ukraine is a crisis—but not a Cold War
Given Russia’s annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
3. Greens lose badly as CSKA Moscow
4. Former Red Bourousis wrecks Olympiakos´s hopes for a break
5. PPC to issue corporate bond of 500 mln
6. Greece offers to help find Turkish F-16 lost in 1996
more news
Today
This Week
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
Today
This Week
1. Greece's market return mirrors return of tourists
2. Samaras sees no need for third bailout
3. Parties start announcing candidates for European Parliament elections
4. Greece startup leaders say they can’t break jobless cycle alone
5. Ground-breaking Good Friday mass signals thaw in Cyprus
6. IMF's Thomsen says Greece not fully financed to 2016
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.