Parliament passes Solidarity Fund Budget

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Parliament passes Solidarity Fund Budget
 © BusinessMail 2018
By Stelios Orphanides

The parliament approved on Friday a supplementary budget which provides for the allocation of €25m in taxpayers’ money to the (National) Solidarity Fund to compensate bondholders and depositors of Laiki Bank, the Cyprus New Agency (CNA) reported.

Following a proposal of Speaker Demetris Syllouris, the amount was earmarked for further consideration pending a debate on the change of the purpose of the fund. The parliament rejected a proposal by Green lawmaker Giorgos Perdikis for an express debate.

The cabinet decided three months before the...


This article was automatically added to our system 13-7-2018

Parliament passes Solidarity Fund Budget


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