Ex-Disy leader: president reneged on promise to compensate 2013 crash losers

The government on Monday sought to slap down criticism that President Nikos Christodoulides went back on his word for a partial restitution for depositors and bondholders who saw their money wiped out in the 2013 bank bail-in.

Christodoulides came under fire after he refused to sign off on and referred directly to the supreme court a law passed by parliament on July 11. The law provides for the majority of the special fee levied on banks’ deposits to be transferred to the Solidarity...