Frustrated Bank of Cyprus Bondholders Vandalize Headquarters
Frustrated bondholders attempted to vandalized the Bank of Cyprus headquarters, due to lost revenues in the nation's 2013 bailout.
During Cyprus' bailout, junior bondholders were left without savings funds that amounted to more than 100,000 euros, due to mandates placed on the nation, after accepting 10 billion euros in financial assistance from the IMF and EU.
The Bank of Cyprus' Nicosia headquarters suffered broken and fractured windows, after being shattered by stones and other weapons. It has been reported that about 200 protestors participated in the protest by Parikiaki. One female was knocked out and had to be hospitalized, while a large police task force was present throughout the heated rally.
Tagged under
Related items
-
Hatzidakis in Washington for IMF and World Bank meetings
-
IMF: Reduction of Greek public debt to 158.8% of GDP in 2024—Primary surplus of 2.1%
-
PM Mitsotakis from Brussels: EU aims to prevent Middle East crisis escalation
-
EU defense ministers agree to Greece's proposal to run Red Sea operation from Larissa HQ
-
IMF Cautions of Possible ‘Bubble’ in Greek Real Estate