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Chrysostomos: Troika threats following court appeal

«Both banks will go bankrupt»

Cyprus Archbishop Chrysostomos makes statements after a meeting with President Nicos Anastasiades, 20 March 2013 (Reuters) Cyprus Archbishop Chrysostomos makes statements after a meeting with President Nicos Anastasiades, 20 March 2013 (Reuters) Following his recent appeal to the Supreme Court against the troika decision to write off shares held in the Bank of Cyprus, Archbishop Chrysostomos has said that the troika threatened him that “both banks [Bank of Cyprus and Laiki] will go bankrupt”.

The leader of Cyprus' Orthodox Christian church, which holds millions worth of shares in the bank, said he would not withdraw the appeal unless the governor of the central bank and the finance minister resigned.

Following the appeal, the court issued a temporary order to suspend implementation of the troika decision.

The archbishop has vowed to do all he can so that ordinary people "won't go hungry" amid the country's financial crisis.

Chrysostomos said the church's property belongs to the people, but "dignity" prevents them from asking for help. He said he has instructed parish priests to discreetly seek out those in need.

Chrysostomos said after Sunday's liturgy that the church would help create jobs "so that smiles can return to our people's faces again."
 

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