The meeting, to be held at the Her Majesty’s Treasury in Westminster, will be an opportunity for community leaders to put their concerns directly to a Government Minister. The UK Government has already announced it will support UK troops stationed on the island who will be affected by the EU & IMF’s potential bail out terms.
Under proposals agreed at a meeting of Eurozone Finance Ministers at the weekend, it was announced that the Cypriot Government would be given access to a €10 billion bailout package in exchange for a levy on deposits in Cypriot banks.
Mike Freer MP said:
“The levy ranges from 6.75% to 9.9% on deposits in banks on the island. British pensioners have temporarily had the delivery of the pensions suspended in order to protect their money. This decision will have a major impact on UK citizens in Cyprus, and the London based Greek Cypriot community. That’s why my Parliamentary colleagues and I will take every possible action to support those affected.”
Theresa Villiers MP said:
“This is an anxious and uncertain time for my British Cypriot constituents in Chipping Barnet. I welcomed the chance to talk to Greg Clark about the current situation. The Eurozone crisis has had such a damaging impact on so many lives over recent years. Now Cypriots have suffered this heavy blow and I will be working to provide reassurance to my Cypriot constituents at this difficult time."