Greek Cyprus will vote on 9 draft bills

Among the bills, which were introduced to the parliament after accepted by cabinet on Thursday, there is a bill that prevents the transfer the capital by Greek Cypriot banks.

Greek Cyprus will vote on 9 draft bills

World Bulletin / News Desk

Greek Cypriot administration will vote on 9 draft bills in the parliament as an alternative to the Eurogroup bailout plan.

Among the bills, which were introduced to the parliament after accepted by cabinet on Thursday, there is a bill that prevents the transfer the capital by Greek Cypriot banks.

Greek Cypriot banks have been closed for the last seven days which has created great distress in the domestic markets. Shopping is made only by cash in the country which causes serious problems especially for foreigners.

Greek Cypriot administration has been told it must raise 5.8 billion euros to secure 10 billion euros from fellow eurozone countries and the International Monetary Fund. If they do not find a way by Monday, the European Central Bank will cut off emergency support to the banks and letting them collapse.

Güncelleme Tarihi: 22 Mart 2013, 14:06

SeydiAli

YORUM EKLE