A “state of emergency” has been declared in the Cyprus banking system

The government of Cyprus is transferring the country's banking system to a "state of emergency" - restricting the free movement of capital in the economy, Gazeta.Ru reports with reference to the Greek newspaper Vima .

The bills are currently being discussed at a meeting of the Cypriot parliament. Among the measures: the creation of a national solidarity fund, the introduction of restrictive trade measures in an emergency situation and the reorganization of the banking system so that the People's Bank does not go bankrupt.

The day before, the President of Cyprus Nicos Anastasiades and the leaders of parliamentary parties decided to create a special fund (Solidarity Fund) in order to obtain a guarantee of financial assistance. It was decided to create the Solidarity Fund on the basis of state assets; the funds from the fund will be used for government bonds. Details of the anti-crisis plan have not yet been disclosed.