Date: 5th October 2016
Author:
Type: In the news
After weeks of obscure discussions between the Cypriot government and the Troika, it was revealed that the Cyprus bail-out package will imply, among other measures, losses on deposits over 100,000 euros that could amount to up to 60% of the money depositors had in the Bank of Cyprus. EuroFinUse strongly opposes the bank crisis approach of holding depositors responsible for bank failures.