Calamos Supports Greece
GreekReporter.comGreek NewsCyprusGreeks Appeal To Nicosia Lawmakers For Return of 300 Million Euros

Greeks Appeal To Nicosia Lawmakers For Return of 300 Million Euros

Photo credit: Wikimedia Commons-DevilDimon

Nearly 1,000 Greeks are seeking the return of 300 million euros, which were confiscated by the Republic of Cyprus in 2013.

The Greek depositors delivered a letter to lawmakers in Nicosia on Friday, asking for pressure to be placed on Cypriot President Nikos Anastasiadis to return their money. In the letter, sent by 956 Greeks plaintiffs, it was noted that the World Bank’s International Center for Settlement of Investment Disputes (ICSID) has agreed to hear their claim, and will likely rule in their favor.

They further said that in February the ICSID ruled that they have jurisdiction over Greek claims to recover 300 million euros in bonds and deposits that were confiscated by Cyprus as part of the 2013 financial bailout by European institutions.

The ICSID has announced they will hear the case in November 2021.

See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!



Related Posts