Cyprus Figures
Cyprus bailout fro eurozone and IMF €10 bn
Cyprus money raising measures€5.8 bn from 9.9% levy on bank accounts
over €100,000 and 6.75% on deposits under €100k €1.4 bn from bail-in
of junior bondholders and €1.4 bn from privatisation
INcrease withgolding tax on capital income, restructuring and
capitalisation of banks and increase in corporate income tax rate
Value of deposits in Cypriot banks – €68 bn
Value of deposits owned by Cypriots €43 bn
€1.9 bn owned by UK depositors
Cyprus will have a public debt in 2020 of 100% of GDP if bailout is
kept to €10 bn
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Junior bonds amonut to €2.5 bn but €0.2 bn of senior unsecured bonds
are being left alone
Amonuts up to €100,000 in EU banks are supposed to be protected up to this!
Russian individuals and corporations have €20 to €25 bn on deposit in
Cyprus – 1/3 of the total