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British Chancellor of the Exchequer George Osborne said Sunday the government would compensate troops and civil servants

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NICOSIA, Cyprus Cyprus' parliament on Sunday postponed a crucial debate and vote on a levy on all bank deposits that the cash-strapped country's creditors had demanded in exchange for 고령출장샵 euro10 billion ($13 billion) in rescue money.

The announcement set off an immediate scramble among top European financial officials, with reports that the European Central Bank was pressuring Cypriot authorities to hold the vote without delay.

The stakes are high for the tiny island nation of one million people, because a rejection of the one-time tax by lawmakers could send Cyprus into bankruptcy and possibly out of the common euro currency. Officials also fear negative global market reaction on Monday and a run Tuesday on Cypriot banks no matter which way the voting goes. Monday is a national holiday.

The vote, which had been expected later Sunday, was pushed back to Monday afternoon, parliamentary official Antonis Koutalianos said. President Nicos Anastasiades had personally requested the postponement but no reason was given, state media reported.

The president was to address the nation Sunday night.

The decision by Cyprus' 16 eurozone partners and the International Monetary Fund to impose a one-time tax of 6.75 percent on all deposits under euro100,000 ($131,000) and 9.9 percent over that amount was a significant shift. It marks the first time they have dipped into people's savings to finance a bailout — a move that analysts worry may roil international markets and jeopardize Europe's fragile economy.

The levy is expected to raise euro5.8 billion to recapitalize the nation's banks and service the country's debt. Cypriot banks got into trouble after losing some euro4.5 billion on their Greek government bond holdings after eurozone leaders decided to write down Greece's debt last year.

The demand for the levy has enraged Cypriot politicians, who have condemned it as unfair and disastrous, bringing into doubt its approval in the 56-seat parliament. At least 24 lawmakers from the Communist AKEL and the socialist Edek parties have already said they will vote it down.

"There are two choices, voting in favor which allows the country to avoid a disorderly bankruptcy, or rejection, which will have us face a disorderly bankruptcy with all that that entails," said Averof Neophytou, deputy chief of the ruling Democratic Rally party.

Depositors flocked to ATM machines in Cyprus on Saturday, trying to pull out as much money as they could.

"It's a lose-lose situation. There will be a huge deposit withdrawal from Cypriot banks with or without a (levy)," said Cyprus Greens lawmaker Giorgos Perdikis. "We should have the courage to make the right decisions that will restore the public's confidence, which was drastically shaken."

It's not only Cypriot depositors who will take a hit but foreigners as well, including many Russians who are estimated to have some euro20 billion ($26.2 billion) sitting in Cypriot banks.

At their peak, Cypriot banks had assets totaling eight times the country's euro17.5 billion economy. Those numbers have prompted accusations from some European countries, primarily Germany, that Cypriot banks serve as money laundries for dirty Russian cash.

"Now the faith in Cyprus as a place where it is convenient to keep one's money will be undermined," Anatoly Aksakov, president of the Association of Regional Banks of Russia, was quoted by the Interfax news agency as saying.

Aksakov also suggested that some of the Russian money now deposited in Cypriot banks will move back to Russia.

To counterbalance their cash loss, depositors will receive Cypriot bank bonds. Neophytou said there are efforts to back up those bonds — which have little value now — with Cyprus' newfound offshore gas reserves, although extraction is still several years away.

Meanwhile, Britain's Treasury chief said the government will compensate about 3,500 U.K. troops who will lose money to Cyprus's bailout tax.

British Chancellor of the Exchequer George Osborne said Sunday the government would compensate troops and civil servants. But those among the 59,000 British residents of Cyprus who not working for the U.K. military or the government could still be out of pocket.
asked Aug 13, 2019 by CletaParson8 (120 points)

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நியூ இரா சிட்டி கேள்வி மற்றும் பதில் வலைதலத் திற்கு வரவேற்கிறோம். , நீங்கள் உங்கள் கேள்விகளுக்கு மற்ற சமூக உறுப்பினர்களின் மூலமாக பதில்களை பெற முடியும். எவர் ஒருவர் 100 கேள்விகள் அல்லது 100 பதில்கள் கொடுக்கிறார்களோ அவர்கள் லங்காவி - மலேசியாவில் நடைபெறும் "ஐ 2 ஐ" பயிற்சி பட்டறையில் இலவசமாக*** கலந்து கொள்ள தகுதிபெறுகிறார்கள். "ஐ 2 ஐ" பயிற்சி பட்டறை மே - 2017 இல் நடைபெற உள்ளது. கேட்கப்படும் அல்லது பதிலளிக்கும் ஒவ்வொரு கேள்விக்கும் 40 மதிப்பெண்கள் வழங்கப்படும். முதலில் 4000 மதிப்பெண்கள் எடுக்கும் நபர் இலவசமாக*** "ஐ 2ஐ" பயிற்சி பட்டறையில் கலந்துகொள்ள வாய்ப்பு அளிக்கப்படும். நீங்கள் புள்ளிகள் பெற கேள்விகள் குறைந்தபட்சம் 160 வார்த்தைகள் மற்றும் 600 வார்த்தைகளுக்கு மிகாமல் . இருக்கவேண்டும். உங்கள் கேள்விகளுக்கு 7 நாட்களுக்குள் பதில் அளிக்கவில்லை என்றல், கேள்வி வலைத்தளத்தில் இருந்து நீக்கப்படும். *** இது ஒரு சில நிபந்தனைகளுக்கு உட்பட்டது