- Prison Planet.com - http://www.prisonplanet.com -
MoD flies emergency cash to Cyprus for British personnel
Posted By admin On March 19, 2013 @ 11:43 am In Money Watch | Comments Disabled
BBC News 
March 19, 2013
An RAF plane carrying 1m euros is flying to Cyprus from Britain as a contingency measure to provide military personnel with emergency loans, the Ministry of Defence says.
The move comes after a controversial one-off levy of up to almost 10% on savings in Cyprus was announced.
The money will be used for British personnel and their families if cash machines and debit cards stop working.
The tax is a condition for Cyprus to get a loan from the EU and IMF.
Cyprus needs a 10bn euro (£8.7bn; $13bn) bailout to rescue its banks.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/mod-flies-emergency-cash-to-cyprus-for-british-personnel.html
URLs in this post:
 BBC News: http://www.bbc.co.uk/news/uk-21847013
Copyright © 2013 PrisonPlanet.com. All rights reserved.