DIKO leader will not attend ECB dinner

first_imgBy Constantinos PsillidesDIKO leader and chairman of the House finance committee Nicolas Papadopoulos has announced that he will not be attending a dinner for the governing council of the European Central Bank (ECB), that will be meeting in Cyprus on Thursday.“The reason for my refusal is to stress the fact that in 2013 the ECB treated us differently from other countries that asked for a bailout, forcing the Cyprus’ economy to take a failed experiment,” he said on Monday.Cyprus was forced in 2013 to undergo a haircut on bank deposits, as a form of “bail in” imposed by international lenders.“By the depositors’ and the bond holders’ haircut, ECB recapitalised Piraeus bank and covered the illegal Emergency Liquidity Assistance that it gave an insolvent bank,” he said, referring to the now defunct Laiki bank.“I respect the ECB but that does not mean that I agree with these decisions. The meeting place with ECB is not a dinner table but a negotiation table to claim back the money stolen from us,” Papadopoulos remarked.Papadopoulos isn’t the only one irked by the ECB meeting. Unions and organisations opposing austerity policies will stage a demonstration outside the Filoxenia Conference Centre (FCC) on Wednesday, March 4, to protest the ECB meeting.The demonstration is scheduled for 5pm.Taking part in the demo will be trade unions PEO and DEOK (the union branches of AKEL and EDEK, respectively), the Large Families Association, the Initiative Against Foreclosures, the pensioners union EKYSY, farmers’ union EKA, Nea Agrotiki, the small shop owners association (POVEK), teachers’ unions OELMEK and POED, as well as various parents’ associations.Three pre-gatherings will be held, at the Journalists House, at the headquarters of the Cyprus Telecommunications Authority and outside the Central Bank of Cyprus (CBC) in Nicosia. From there, the demonstrators will march to the conference centre.The Central Bank is hosting and organising the ECB meeting.You May LikeLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoIcePopMan Notices A Strange Hole In This Lake, So He Gets A Drone, Flies It Inside And Captures ThisIcePopUndoYahoo SearchYou’ve Never Seen Luxury Like This On A Cruise Ship. Search Luxury Mediterranean CruisesYahoo SearchUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img

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