Cyprus incident assistance agreement

Version 1 (original aid agreement): The Cyprus government will levy a one-time deposit tax on local bank depositors, of which the deposit tax rate is 9.9% for deposits over 654.38 million euros and 6.75% for deposits under 654.38 million euros.

Version 2 (Proposal of Serbian Parliament): It is suggested that depositors with a deposit of no more than 654.38 million euros should apply the tax rate of 3%; For depositors with 65,438+10,000 to 500,000 euros, it is suggested to apply the tax rate of 10%, and for depositors with more than 500,000 euros, the tax rate of 15% should be applied.

Version 3 (Proposal of euro zone finance ministers after the conference call): Euro Group agrees to protect bank depositors below 65,438+million euros and levy a tax of 15.6% on depositors above 65,438+million euros.

Version 4 (1the latest revision plan of Cyprus in June, September): It is stipulated that deposits under 20,000 euros are tax-free, deposits between 20,000 and 654.38+10,000 euros are taxed at 6.75%, and deposits above 654.38+10,000 euros are taxed at 9.9%.

However, this measure also failed to persuade opposition and Democratic Party members to accept the deposit tax bill. The voting result was 36 votes against, 19 abstentions, and no one voted for it. The rejection of the deposit tax scheme has greatly increased the possibility of bankruptcy in Cyprus. Where should Cyprus go from here?