Cyprus has said it is looking at seizing a quarter of the value of big deposits at its largest bank, as it races to raise the funds for a bailout from the European Union and avert financial collapse.
Finance Minister Michael Sarris said "significant progress" had been made in talks in Nicosia with officials from the European Union, European Central Bank and International Monetary Fund.
Mr Sarris confirmed discussions were centred on a possible levy of around 25% on holdings of over €100,000 at Bank of Cyprus.
He expressed hope that a package could be ready by the end of the day for approval by parliament.
Cyprus faces a Monday deadline to clinch a bailout deal with the EU or the European Central Bank says it will cut off emergency cash to the country's over-sized and stricken banks.
Amid signs of momentum, Cypriot and EU officials said Cypriot President Nicos Anastasiades is expected in Brussels tomorrow to meet EU leaders.
These will include European Council President Herman Van Rompuy and Commission President José Manuel Barroso, as well as IMF Managing Director Christine Lagarde and ECB President Mario Draghi.
Mr Van Rompuy and Mr Barroso cancelled a planned EU-Japan summit in Tokyo to tend to the Cyprus saga.
The 17 eurozone finance ministers will also meet in Brussels tomorrow evening to discuss the rescue package.
"Significant progress has been made in the direction of getting a deal, at least at the Troika level," Mr Sarris told reporters.
He said a number of issues were still outstanding, but that a package could be ready "late this afternoon or early evening" for approval by parliament.
Arriving at the troika talks, Andreas Artemi, chairman of Bank of Cyprus, was asked if a 25% haircut was being considered on uninsured deposits. He replied: "I don't know that yet."
A senior politician told Reuters earlier this morning that parliament was not expected to convene until after the meeting of eurozone finance ministers, taking the crisis right down to the wire.
The same legislature on Tuesday angrily threw out a proposed levy on bank deposits, designed to raise the €5.8bn the EU wants in return for a €10bn bailout.
Anda sedang membaca artikel tentang
'Significant progress' in Cypriot bailout talks
Dengan url
http://newsdeadlineup.blogspot.com/2013/03/significant-progress-in-cypriot-bailout.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
'Significant progress' in Cypriot bailout talks
namun jangan lupa untuk meletakkan link
'Significant progress' in Cypriot bailout talks
sebagai sumbernya
0 komentar:
Posting Komentar