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Cyprus News Agency: News in English, 13-03-22
CONTENTS
[01] Parliamentary Committee discusses bailout bills
[01] Parliamentary Committee discusses bailout bills
Cypriot lawmakers began Friday the examination of eight bills submitted
by the government in the context of the discussions for a financial
assistance package from the European Stability Mechanism.
The bills, which seek to avert a disorderly collapse of the Cypriot
financial sector, were submitted following the rejection of a proposed
tax levy on banking deposits that would unlock a €10 billion financial
assistance package.
The bills will later be debated by the House plenary that convenes under
the extraordinary procedure.
The Committee examines the introduction of capital controls, in case
of a capital outflow, the introduction of an Investment Solidarity Fund
that would incorporate future natural gas proceeds, as well as proceeds
from the issue of bonds or any other securities by any other company
and any other legal person.
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