Cyprus parliament to meet tomorrow on deposit levy – CYBC

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The government will have talks today with the IMF and vote on 9 bills, according to state-run TV.

They can pass 100 bills but if they don’t pass a deposit levy or find another way to raise about 6 billion euros, then it’s all over.

Update: There are reports in the Greek press about deposit levies hitting 20-25% on accounts greater than 100K euros.

Update 2: After votes tomorrow, Cypriot politicians will head to Brussels.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.



Adam Button


  1. What a shambles , its been worth watching ha ha.


  2. Can`t wait for the day when German savers will pay 25% levy on their deposits. The day will come – for sure.

  3. 25% !!! If this is not for final ultimat riots all around country I dont know what is?!

  4. its either 25% haircut or 25% tax increase

  5. According to the Russian papers, the haircut will be anywhere from 20 to 40 percent. That’s according to the Cyprus parliament meet late Saturday.


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