All of a sudden the spotlights are shining a little brighter on Cyprus.
Since the bailout package was announced on Friday, the banks have remained closed and public opinion has been divided. And tonight, a vote in parliament has rejected the European Union bailout terms - a levy on depositors was not acceptable to people of Cyprus, nor the government, but what are the alternatives?
I am by no means an expert on the situation here in Cyprus; as an expat I feel like I don't have much of a right to comment. However, I have worked hard for the money that now sits in the banks here and as such I can't help feeling an overwhelming sense of uncertainty.
The problems in Cyprus haven't happened overnight. But we are now at the stage of sink or swim. And unfortunately the newly elected president, Nicos Anastasiades, has a lot of tough decisions to make in order to move forward; to avoid the closure of the islands two main banks and to avoid Cyprus exit from the Eurozone.
This man has a lot to think about.
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Been thinking of all of you on the island and hoping things work out. Be careful!
ReplyDeleteThank you so much! It's horrible to say it but you guys got out in time.
DeleteWaiting for more announcements tonight, but everyone is becoming more and more angry as time goes by without no plan!