Hundreds of Greeks seeking compensation for 2013 Cyprus deposit ‘haircut’

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Hundreds of Greeks seeking compensation for...
 © Parikiaki 2020
Hundreds of Greek depositors have joined forces against the Republic of Cyprus in demand of compensation over a 2013 haircut on uninsured bank deposits, calling on MPs to push their claim before it goes to international mediation.They cited a decision by the ICSID in February which upheld jurisdiction over the Greek investor’s claim to recover 300 million euros in bonds and bank deposits that were confiscated as part of Cyprus’ financial bailout by European institutions.

The case is due to be heard in Washington, DC, in mid-November 2021. Kathimerini


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This article was automatically added to our system 29-5-2020

Hundreds of Greeks seeking compensation for 2013 Cyprus deposit ‘haircut’


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Article Tags: hundreds, greeks, seeking, compensation, cyprus, deposit, haircut,