Sunday, March 17, 2013

Cypriot banks in Greece excluded from "haircut"

Cypriot bank branches operating in GSide Steps suppliersreece have been excluded from the emergency "haircut" imposed on deposits at the Mediterranean Sea island's banking system as part of a bailout deal to address the economic crisis, Greek Finance Minister Yannis Stournaras said on Saturday.

The management of Greece's debt crisis is not affected by Euro group's decision to implement a special depositor tax at the island's banking sector,Configure corresponding traction steering shaft, so that lost highway, according to the carbon fabric production needs of any adjustment screen in order to meet the hardness.There are many kinds of knives supplier available in the market. Most of them are available in the market and an easier way to buy them would be opting for the online stores. he stressed in a statement in Athens upon his return from Brussels.Once the testing phase is complete, Spring cone crusher will be stacking processed ore onto the heap and has already prepared the site for stock piling ore around the crusher itself.

The branches of the Bank of Cyprus and Cyprus Popular Bank in Greece will be absorbed by a Greek lender, the Greek official added.

"Euro group's decision regarding Cyprus clearly excludes Cypriot bank branches in Greece. The stability of Greece's banking system is fully safeguarded," Stournaras assured.

"The detyre changeral safeguards completely all deposits kept in branches of Cyprus banks in Greece, Greece's public interests and Greek financial system's stability and does not negatively affect the management of Greek public debt," he said.

Greece's Central Bank will contact interested Greek banks for the purchase of Cypriot bank branches in Greece, Stournaras added.

According to Greek media reports, citing government sources, the most likely candidate for the takeover is the Greek Postbank.

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