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Cyprus' rejection of the rescue plan- Advertising and public relations Lab- Crisis Management Workshop- Panteion University
The Cypriot parliament rejected the proposed European Union bailout plan for Cyprus by a vote of 36 against, 19 abstentions, and no votes in favor. The plan included an unprecedented and unpopular tax on bank deposits. In response, the European Central Bank warned it would cut off liquidity to Cypriot banks, and the eurozone said it would organize a monetary exclusion of Cyprus if it did not accept the terms. The rejection divided Europe and led to uncertainty over whether Cyprus would ultimately remain in the eurozone.
Cyprus' rejection of the rescue plan- Advertising and public relations Lab- Crisis Management Workshop- Panteion University
- 1. Panteion University, Dept.of Communication, Media and Culture Advertising and Public Relations Lab
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- 4. •Cyprus: the rejectionof the rescue divides Europe “While thousands of Cypriots showed their joy Tuesday evening in the House, after the rejection by members of the European rescue plan, the rest of Europe wonders. "A nation united will never be defeated. •Cyprus: Parliament rejects the taxation of savings Although amended at the last minute for small depositors to the request of the Eurogroup, comprising an unprecedented unpopular tax deposits. This provoked anger and concern markets Cypriots. Many political parties have also warned that they would abstain from voting plan. .
- 5. “No to extortion” ThePresident of the European Parliament set the tone from the beginning of the meeting urging MPs to vote against the "extortion" of rescue. .
- 6. •“For the firsttime, the deputies of a European country reject the rescue plan proposed from European Union •“unprecedented situation for Europe” •Government : “our European partners have to realize that they can’t throw us from Europe for all that” •Use of the word “extortion”, as something that Cyprian citizens talk about. •Quotes of the journalist “Aristos Michailidis” editor in chief of the journal “Fileleftheros”, who doesn’t believe that Cyprus won’t leave E.U., but everything is possible. The Cyprian parliament rejected the taxes on deposits
- 7. •The Central Europeanbank is warning that she will stop Cyprian banks from financial feed, as she rejects the European rescue plan •“The central European bank has never came out with such a big threat. •It talks about for the closed Cyprian banks. “Until when will this be continued? Nobody knows.” Europe organizes the monetary exclusion of Cyprus
- 8. The eurozone "repeatsits offer" in Cyprus after the negative vote of Parliament • The Cypriot parliament has rejected the European project assistance. "The project was rejected," said Speaker Yiannakis Omirou, who had earlier asked not to vote for this plan "extortion." The result of the vote was welcomed by an explosion of joy from the thousands of protesters gathered in front of the Assembly.
- 9. The Cypriot Parliamentrejects rescue plan, the euro zone persists. • “Monetary Fund (IMF), opening the doors of a new turbulence for the island, threatened with bankruptcy, and the euro. As in 2004, when under pressure from the UN, they had to decide for the reunification of the island, the Cypriot politicians have refused to bow to the demands of the international community.” • The plan was rejected by 36 MPs, 19 abstentions from the party Disy President and no favor. The vote was cheered by thousands of protesters expected outside parliament. The President himself had said before the vote that the plan would be rejected "because they feel and think it is unfair and goes against the interests of Cyprus." He assured that in case of failure, "we have our own plans."
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- 11. Theopoulou Maria 41090050 SoilemetzidouIrene 41090010 Skrivanou alexandra 41090017 Paspati Anna 41090094 Kapsali Chryssa 41090062 Mylona Christina 41090113