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Angry protests in Cyprus against bailout deal
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Angry protests in Cyprus against bailout deal
School students and bank workers are among those protesting in Cyprus, after the country reached a painful bailout deal with European creditors. A 3,000-strong crowd of high school pupils marched to the presidential palace in Nicosia, while workers from the Bank of Cyprus staged an occupation of the headquarters in the capital. A banking restructure and a tax of 40% on bank savings over €100,000 are part of the painful measures designed to keep the country from going bankrupt.
School students and bank workers are among those protesting in Cyprus, after the country reached a painful bailout deal with European creditors. A 3,000-strong crowd of high school pupils marched to the presidential palace in Nicosia, while workers from the Bank of Cyprus staged an occupation of the headquarters in the capital. A banking restructure and a tax of 40% on bank savings over €100,000 are part of the painful measures designed to keep the country from going bankrupt.
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