Sunday, March 24, 2013

EU to raise the price, Cyprus worse

MNI, the European Union, the European Central Bank and the International Monetary Fund has just increased assistance to Cyprus, the price tag, the original requirements of the country and lend a helping hand to raise 5.8 billion euros, has now increased to 6.7 billion euros, the German Stock Exchange under the command of the market information provider. Cyprus has been mind-boggling to raise 5.8 billion.

Troika pointed out that the original request is built on top of the conditions at the time, but now "the situation has deteriorated, the two sides reached agreement must be reflected in this.

Previously, Cyprus is ready to start "rob banks"-style self-help, and strive to raise 5.8 billion euros of funds to prevent the ECB in next Monday off for the country's banking industry lead to the country's financial collapse.

The Associated Press and a number of media reports that the Government of Cyprus to prepare the second largest lending bank Laiki the major surgery restructuring, Laiki over a large part of the insurance deposit may be direct government confiscation of more than EUR 100,000, while 100,000 the part below the euro may be handed over to the country's largest bank, Bank of Cyprus, but this is not the whole story.

The Cyprus banking officials estimate the above reorganization will help the government to get 3.6 billion euros, 5.8 billion euros to meet a large part of the funds required, while the remaining 2.2 billion euros will be absorbed from the Bank of Cyprus Deposit taxed from Laiki turn savers € 100,000 then have been grilled skin.

No comments:

Post a Comment