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Employees of Laiki Bank, left, push barriers as riot police try to stop them during an anti-bailout protest outside the Cypriot parliament in Nicosia, Cyprus Petros Karadjias/AP/Press Association Images

Eurogroup ready to discuss new Cyprus proposal

The group reaffirmed the importance of fully guaranteeing deposits below €100,000 in the EU.

THE EUROGROUP HAS said it is ready to discuss a new proposal with the Cypriot authorities.

In a statement this evening, the Eurogroup said it had held a teleconference, and that following this it “stands ready to discuss with the Cypriot authorities a draft new proposal, which it expects the Cyprus authorities to present as rapidly as possible”.

The Eurogroup would subsequently, on the basis of a Troika analysis that needs to be undertaken, be prepared to continue negotiations in an adjustment programme, while respecting the parameters defined earlier by the Eurogroup. After the conclusion of such negotiations the Cyprus authorities should begin legislating the elements of such an agreement.

The Eurogroup also reaffirmed the importance of fully guaranteeing deposits below €100,000 in the EU, adding that the Euro area member states continue to stand ready to assist the Cypriot people in their reform efforts and ensure the stability of the euro area as a whole.

Also this evening, Sky News reports that Cyprus’s second biggest lender has limited cash withdrawals.

Meanwhile, employees of Laiki Bank are among those who took part in an anti-bailout protest outside the Cypriot parliament in Nicosia today.

RTÉ reports that a bill has been submitted to the country’s parliament that would allow capital controls to be imposed on banks.

Banks will remain closed until Tuesday. Earlier today, Bank of Cyprus said that it urged a bailout deal to save the island from ruin.

Read: Bank of Cyprus urges bailout deal to save island from ruin>

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54 Comments
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    Mute Derek o keeffe
    Favourite Derek o keeffe
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    Apr 8th 2017, 4:06 PM

    Why didn’t they test it on themselves?

    68
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    Mute Dubabroad
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    Apr 8th 2017, 4:33 PM

    @Derek o keeffe: Because like most clinical trials this one was carried out on mice to gauge reactions/side effects..
    Without such trials the average human life expectancy would still be somewhere between 35/55 and we wouldn’t have the vast majority of the current life saving Cancer and AIDS treatments to mention just two…

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    Mute Michael Hayden
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    Apr 8th 2017, 4:42 PM

    @Derek o keeffe: a better question is why they didn’t test it on you.

    58
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    Mute Bobby Phelan
    Favourite Bobby Phelan
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    Apr 8th 2017, 6:59 PM

    Cannabis works on pain as well oh thats right big pharmaceuticals cant profit off that though.Cannabis is one of the biggest break throughs in medicine but our media seem to ignore it.

    20
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    Mute Damocles
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    Apr 8th 2017, 4:44 PM

    Can you “milk” the fish for venom, package it and sell it to people? Asking for a friend.

    56
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    Mute O Swetenham
    Favourite O Swetenham
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    Apr 8th 2017, 4:17 PM

    ‘The Fang Blennies’….weren’t they a pop group back in the 80′s?

    28
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    Mute goon4life
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    Apr 8th 2017, 4:40 PM

    Is the venom addictive like current opioids? If so what’s the big deal?

    24
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    Mute THE BATMAN
    Favourite THE BATMAN
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    Apr 8th 2017, 7:37 PM

    Stooooooory bud!!! Ya got any of them fishes the ones with da gear man for me girlfriend like it’s her beerday tomorra!! On tick of course bud scratcher end of the week bud… (over heard in pet shop in Dublin city centre )

    20
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    Mute Paul A Whelan
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    Apr 8th 2017, 6:58 PM

    What’s the point. Patients still can’t get the medicinal cannabis that could help them.

    16
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    Mute John O'Driscoll
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    Apr 8th 2017, 4:41 PM

    It’s not IF we lose the Great Barrier Reef it’s WHEN. Better stock up on tanks pumps and protein skimmers all of which will require a lot of fossil fuel generated electricity to run if we want to keep the blenny inter alia.

    Mind it’s probably moot given the mindless approach of governments and society to date towards natural painkillers and cancer killing substances. If it actually delivers a useful result he blenny will probably be banned by law.

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    Mute Fionn Bohane
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    Apr 8th 2017, 4:25 PM

    Do they feel pain themselves I wonder?

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    Mute eastsmer #IRExit
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    Apr 8th 2017, 4:55 PM

    I foresee growth in aquarium stockist shops

    7
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    Mute Etherman
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    Apr 8th 2017, 4:14 PM

    Were the mice drugged or did they just drown?

    14
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    Mute Michael Anthony Thompson
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    Apr 8th 2017, 5:48 PM

    Does this come in the form of fish fingers?

    6
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    Mute Micheal S. O' Ceilleachair
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    Apr 8th 2017, 6:16 PM

    Big Bryan Fry experimenting with Small Blenny Fry. The outcome a numbing experience.

    3
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    Mute jerry curtin
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    Apr 8th 2017, 7:52 PM

    You can get bags of it down the quays already

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    Mute Noel Hogan
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    Apr 8th 2017, 6:53 PM

    I

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    Mute Alois Irlmaier
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    Apr 10th 2017, 10:47 PM

    The happiest fish going lol.

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    Mute Paddy
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    Apr 8th 2017, 11:54 PM

    Brilliant, another drug all the social degenerates can get addicted to once it gets licensed!!!

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