Vladimír Urbánek (Kurzy.cz)
Markets  |  March 21, 2013 09:21:17

Cyprus seeks crisis - another form of tax deposit, the bank will open next week, Russia is in the game

Cyprus after Tuesday's parliamentary veto seek out other ways to resolve its debt crisis, in an effort to avert the otherwise inevitable ruin.

According to available information, the Cypriot government is looking for alternative options. One of them is the new version of the Savings. Details are not yet known.
Initially, the plan was rejected by the tax deposits to 100 000 EUR in the amount of 6.75% and higher tax deposits at the level of 9.9%. Before the government meeting to discuss the possibilities or necessities "progressive" forms of taxation guaranteeing greater protection to small savers. They discussed, among other things, a zero limit, participation deposits to 100 000 EUR and higher tax deposit above this threshold.

Central Bank of Cyprus has confirmed that its banks will soon be opened to 26 March.

The ECB has today declared that give politicians enough time to find a solution to the current difficult situation by postponing its decision on the fate of rescue resource for the Cypriot banks.

The game is also about saving Russia. Cypriot and Russian finance ministers discuss the extension of the maturity earlier loan of 2.5 mld.USD or the new loan.
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