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Britons from Cyprus: Military to rescue up to 60,000 expats

http://www.dailymail.co.uk/news/article-2298236/Cyprus-crisi...

By SIMON WALTERS, SIMON WATKINS and IAN GALLAGHER
PUBLISHED: 18:57 EST, 23 March 2013

Secret plans to airlift penniless Britons stranded in Cyprus back home have been drawn up by the Government.
Senior Whitehall sources say that if the crisis spirals out of control, British citizens who want to come back will be offered airline tickets.
If necessary, they will also be given transport to get to airports, probably by the British Army.

There are an estimated 60,000 British expatriates in Cyprus and 3,000 British soldiers based there.

The military may rescue up to 60,000 expats as the island faces financial meltdown
News of plans to rescue Brits from the island comes as Cyprus’s government reached a deal with EU authorities on a financial bail-out essential to avoid the country sliding further into chaos.

The latest proposal will see people with more than €100,000 (about £85,000) in the Bank of Cyprus lose 20 per cent of their money. Savers with more than €100,000 in any other bank will pay four per cent. Last weekend’s proposal to raid all bank accounts on the island – as revealed by The Mail on Sunday last week – was dropped amid public and international outrage.

The new scheme has been approved by the European Union, the European Central Bank and the International Monetary Fund, known jointly as the Troika. The levy is needed to raise €5.8billion (£4.9bn) as Cyprus’s contribution to the bail-out. The EU is expected to provide a further €10billion (£8.5bn) to rescue Cyprus’s struggling banks. The European Central Bank had said it would pull the plug on Cyprus banks on Tuesday morning without a deal.

Read more: http://www.dailymail.co.uk/news/article-2298236/Cyprus-crisi...
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Cyril's picture

Thank you for posting / pointing this out.

Thank you for posting / pointing this out.

Well, me thinks those "secret plans" aren't too secret anymore, seemingly.

They likely make sense for some people, though !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius