Cyprus Eastern Forum Archive |
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| Posted By: Steve - SJD |
| Cyprus bank deposits in the spotlight Famagusta Gazette 09.OCT.08 The Cyprus government has decided to table before the House Representatives a bill for guaranteeing bank deposits, with a minimum amount of €100,000, Finance Minister Charilaos Stavrakis has said, underlying that the Government is trusting banks and cooperative institutions. In statements after a meeting with high-level representatives of commercial banks and the cooperative banks, Stavrakis said that Cyprus will take measures to boost its bank system and the cooperative movement, through a common policy in all EU countries. Announcing the decision to raise the deposit guarantee to €100.000, double the minimum level of insurance on deposits across the 27-nation bloc of €50,000, the Finance Minister said that during yesterday’s meeting, bank representatives were informed about the decisions taken during the meeting of EU Finance Ministers in Luxembourg. - Copyright © Famagusta Gazette 2008 |
| Posted By: michael. w. |
| hi steve sounds as if the Cyprus goverment are putting their words into actions They say all is well, so why not back it up to give everyone confidence with money in Cyprus bank accounts, WELL DONE MR FINANCE MINISTER hope it goes thru with the House of reresentatives :lol: michael |
| Posted By: bill |
I hope that's €100,000 each person for joint accounts :) Bill |
| Posted By: michael. w. |
| Bill I think you will find that it is per account unfortuanately :? michael |
| Posted By: bill |
Bugger :( I'd already spread my money between two banks when I came here even before the financial crisis as it seemed a sensible thing to do ~ might have to re assess and think of a third bank or remove some and stick it under the wife's side of the mattress :lol: . Bill |
| Posted By: michael. w. |
| :lol: bill why your wifes side of the bed ? :lol: michael |
| Posted By: bill |
Because I wouldn't like to cross her where money is concerned :lol: . The BOC tried one of their mystery charges on her bank account a while ago and she went at them like a rottweiler on steroids, not a pretty sight and they put the money back into her account in seconds :shock: . So I think my money is quite safe under her side of the mattress ~ even I wouldn't chance it :wink: Bill |
| Posted By: michael. w. |
| Bill now I understand, :lol: do not tell anyone but I think my wife and your wife are related :lol: :lol: now I know what to do with my money thanks bill :D :lol: :!: ^^ |