EP hearing on Cyprus by Troika postponed to 8 May

Chairwoman of the Committee on Economic and Monetary Affairs at the European Parliament Sharon Bowles has announced that the hearing into Cyprus by the Troika representatives will be held on 8th May instead of today, as it was scheduled.

Bowles informed her EP colleagues at the beginning of today’s session that the hearing was postponed and called them not to pose questions on Cyprus at Vice President Oli Rehn who participates in the hearing.
She did not explain the reasons for the change of date but according to community sources, the hearing had to be postponed due to Eurogroup President Jeroen Dijsselbloem’s inability to take part in the meeting.

The Group of the Alliance of Liberals and Democrats for Europe has called for a special committee to be set up to investigate and apportion responsibility for the Eurogroup decision on Cyprus.
The ALDE group believes it is extremely important to investigate in depth the case of Cyprus and that the committee that will be set up should invite all interested parties, ie the European Central Bank, the European Banking Authority, Eurogroup and Troika.

Guy Verhofstadt MEP Leader of ALDE Group had said that this is the only way to evaluate correctly the situation and see if mistakes have been made and by whom so that a similar incident does not happen in the future.

On Μarch 25 Eurozone Finance Ministers, known as the Eurogroup, decided on a €10 billion bailout for Cyprus coupled by a bail-in by uninsured depositors. The decision provided that Cyprus` second largest lender, the Cyprus Popular Bank, will be wound down, whereas Bank of Cyprus` uninsured deposits will take losses up to 60%.