Government drafting bill for Cyprus fallout

first_imgPrime Minister Antonis Samaras remained tight-lipped about developments in Cyprus though behind the scenes government officials were reportedly preparing legislation aimed at protecting deposits in branches of Cypriot banks based in Greece in the event that lenders in the Eastern Mediterranean island nation collapse.The government has earmarked an estimated 600 million euros for the recapitalization of Cypriot banks in Greece.The conservative-led administration avoided taking a clear stance on the upheaval in Cyprus for another day though the leader of junior coalition partner Democratic Left, Fotis Kouvelis, insisted that a contentious eurozone proposal for a tax on Cypriot bank deposits be revoked. Kouvelis also called on European countries to show solidarity to Cyprus.The leader of leftist opposition SYRIZA, Alexis Tsipras, condemned the government for failing to show solidarity with Nicosia but said he would not back a motion for the censure of Finance Minister Yannis Stournaras proposed by the right-wing anti-bailout party Independent Greeks. Still Tsipras was scathing in his criticism, claiming that “Stournaras has aligned himself absolutely with the threats and blackmail of Schaeuble against the Cypriots.” He asked what the government would do if the troika demanded a bank deposit tax in Greece. “Would they agree?”“Greece is not behaving like the motherland for Cypriots, but like the step mother,” Tsipras said during a conference at his SYRIZA party headquarters.“When Stournaras says ‘we’ he means the Eurogroup, the lenders and the Greek government,” said Tsipras of the Greek finance minister while criticizing Prime Minister Antonis Samaras for being “absent” for the past days.Tsipras said he would not back the censure motion as “if there is an issue of the government’s adequacy. That is for the people to judge.” He also lashed out at Northern European countries, calling them “gangsters” trying to colonize countries in the south.Source: Kathimerini Facebook Twitter: @NeosKosmos Instagramlast_img read more