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Laiki Bank Cypriots will return the money?

Despite previous failures, the government is currently in Cyprus is open to proposals for compensation for losses to depositors of the now defunct Cyprus Popular Bank (Laiki), who lost their uninsured savings when the bank was liquidated in 2013 year. This was announced in April 19.

At a meeting with President Nikos Anastasiadis at the Presidential Palace was also attended by Finance Minister Haris Georgiades and representatives of associations of former depositors Laiki (Sykala) with "new and updated old" offers.

Following the meeting, Georgiadis told reporters that "the government, the president and the government acknowledge that some of our fellow citizens faced with losses due to errors and omissions of the past, especially in the real sector of the economy, where the bankrupt enterprise and have been lost jobs, but also in the banking sector, where investors have suffered losses. "

The most difficult thing for a government minister called "the opportunity to turn back the clock" and fully compensate for the losses. However, he expressed readiness to conduct a dialogue with investors, while continuing to seek a solution to the problem.

A source: VC

Tags: Cyprus Economy, Banking, Deposits

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