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No Haircut for Cyprus President: €21 Million to London/EL PRESIDENT DE XIPRE EVADEIX €21 MILIONS A LONDRES

No Haircut for Cyprus President: €21 Million to London


Look clean hands! Anastasiades doesn’t believe in capital controls or haircuts. Below: Extract from bankrupt Laiki Bank published by Xaravgi, the main Cyprus paper, with the account practically empty until five deposits were made on 12 March and the same day and 13 March €21 million transferred to London.

Cyprus president Nikos Anastasiadis, three days before the Euro Group meeting of 15th March which imposed a compulsory levy on deposits in Cyprus banks, transferred €21,000,525 from Cyprus to London, avoiding the 60% haircut and capital controls he knew were coming.


The Cyprus daily Xaravgi reported on Sunday, publishing the bank extract, that Anti Loutsios and Sons Ltd deposited on 12 March 5 cheques in the bankrupt Laiki Bank totalling €21,000,525. Elsa, one of Anastasiadis two daughters, is married to Jannis Loutsios. The extract shows that the same day €10,500,262 was transferred (TTOUTO25/0032558) to Barclays Bank and Bank of Cyprus in London. The following day, 13 March, a second transfer (TTOUTO25/0032560) sent the other half to the City. Cyprus Finance Minister Michalis Sarris has admitted that Anastasiadis knew about the imminent Euro Group plan of a compulsory levy on deposits. Anastasiadis denied that he had prior knowledge. Anastasiadis had always insisted that a compulsory levy on deposits in Cyprus was unthinkable. A haircut would be a “disaster” for Cyprus he said. When the transfers were made on 12 and 13 March there were no capital controls. These capital controls were established on 28 March to prevent a massive capital flight. Cypriot banks remained closed from 16 to 27 March.

(“Anastasiadis-Clan schaffte vor Haircut Geld außer Landes,” by Ferry Batzoglou, Wiener Zeitung, 1 April 2013)

El President de Xipre evadeix €21 milions a Londres


Extracte del banc fallit Laiki publicat per Xaravgi, el principal diari de Xipre, amb el compte pràcticament a zero que rep cinc ingressos el 12 març i transfereix el mateix dia i el 13 març €21 milions a Londres. Primera foto: Mireu mans netes! Anastasiades no creu en controls de capital o en retallades.

El president de Xipre Nikos Anastasiadis, tres dies abans de la reunió de l’Eurogrup del 15 març que imposa una retallada forçosa als dipòsits en bancs de Xipre, va transferir €21.000,525 des de Xipre a Londres, evitant perdre el 60% en la quitança i els controls de capital que sabia venien.


El diari de Xipre Xaravgi destapava diumenge, publicant l’extracte bancari, que Anti Loutsios and Sons Ltd havia ingressat el 12 març 5 xecs en el fallit Banc Laiki per un total de €21.000.525. Elsa, una de Anastasiadis dues filles, està casada amb Loutsios Jannis. L’extracte mostra que el mateix dia el banc transferia €10.500.262 (TTOUTO25/0032558) a Barclays Bank i Bank of Cyprus a Londres. L’endemà 13 març una segona transferència (TTOUTO25/0032560) enviava l’altra meitat a la City. Michalis Sarris, ministre de finances de Xipre, ha admès que Anastasiadis coneixia els plans imminents de l’Eurogrup d’una retallada  obligatòria dels dipòsits. Anastasiadis ha negat que en tenia coneixement previ. Anastasiadis sempre ha insistit que una retallada dels dipòsits a Xipre era impensable. Una quitança seria un “desastre” per Xipre deia. Quan les transferències es duen a terme el 12 i 13 de març no hi havia controls de capital. Aquests controls de capital s’establiren el 28 març per evitar una fugida massiva de capitals. Els bancs xipriotes estigueren tancats del 16 al 27 març.

(“Anastasiadis-Clan schaffte vor Haircut Geld außer Landes,” per Ferry Batzoglou, Wiener Zeitung, 1 abril 2013)


1 April 2013 - Posted by | Economy/Economia, News comment/Comentari al dia, Politics/Política | , ,

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