ΚΥΠΡΙΑΚΟ ΚΟΥΡΕΜΑ ΚΑΤΑΘΕΣΕΩΝ (dropbox, scribd)

download ΚΥΠΡΙΑΚΟ ΚΟΥΡΕΜΑ ΚΑΤΑΘΕΣΕΩΝ (dropbox, scribd)

of 74

Transcript of ΚΥΠΡΙΑΚΟ ΚΟΥΡΕΜΑ ΚΑΤΑΘΕΣΕΩΝ (dropbox, scribd)

  • 7/30/2019 (dropbox, scribd)

    1/74

    1 |

    http://alampasis.blogspot.gr

    2,

    , , , ,

    . 100

    :

    ,

    ,

    .

    (),

    .

    37,5%

    ( ) 1 1 ,

    http://alampasis.blogspot.gr/http://alampasis.blogspot.gr/
  • 7/30/2019 (dropbox, scribd)

    2/74

    2 |

    .

    ()

    ,

    ,

    ,

    ,

    ,

    , [.

    2,

    ].

    (),

    ,

    Austria, Belgium, Bulgaria, Canada ,China , Czechoslovakia, Germany, Hungary, India, Kuwait, Lebanon,

    Malta, Mauritius, Poland, Romania, Russia, Seychelles, South Africa,

    Yugoslavia ( ) .

    ,

    , 22 IV( )

    ().

    (),

    4 22 ( IV )

    (),

  • 7/30/2019 (dropbox, scribd)

    3/74

    3 |

    Armenia, Belarus,

    Czech, Denmark, Egypt, Estonia , Greece, Ireland, Italy, Moldavia, Quatar ,

    San Marino, Singapore, Slovenia, Sweden, Syria, Thailand, United Arab

    Emirates, United Kingdom of Great Britain and Northern Ireland, United

    States of America , , , ,

    .

    (

    . 4 22

    ).

    (),

    23B

    ,

    .

    ( )

    ,

    ().

    , ,

    () ,

    .

    , ,

    :

    4,

  • 7/30/2019 (dropbox, scribd)

    4/74

    4 |

    ()

    [ 23 ],

    4,

    ().

    )

    ()

    )

    ,

    .

    ,

    ,

    ,

    ,

    (),

    ,

    .

    ,

    ,

  • 7/30/2019 (dropbox, scribd)

    5/74

    5 |

    ,

    .

    ( )

    ,

    22 IV (

    ) ,

    ().

    ( . 4 22

    ).

    .

    ,

    ,

    ,

    .

    1.

    2.

    3.

    4.

    1 3 22 ( IV

  • 7/30/2019 (dropbox, scribd)

    6/74

    6 |

    )

    (),

    ( 4).

    5. .

    293

    6.

    7. 37,5%

    ( )

    1 1 ,

    ,

    8. ()

    , , ,

    ,

    ()

    4 22 ( IV )

    ()

    9.

    293 -

  • 7/30/2019 (dropbox, scribd)

    7/74

    7 |

    10. .

    ,

    .

    [ 23 B ,

    ]

    ------------------------

    1.

    17 2

    ,

    , ,

    ,

    ().

    , 1 1

    ,

    , "

    .

    ,

    ".

    ,

    ,

    . ,

    ,

    17

    (... 31/2007, ... 40/1998).

  • 7/30/2019 (dropbox, scribd)

    8/74

    8 |

    2.

    Eurogroup,

    ,

    10 .

    13

    ,

    , 10

    . ,

    9 , 1

    13 . , ,

    " "

    .

    , .

    23 .

    10 .

    .

    . ,

    Eurogroup, , ,

    ,

    .

    2,5 . (

    ). (0,3

    0,4 . ) (1,2 . ),

  • 7/30/2019 (dropbox, scribd)

    9/74

    9 |

    .

    .

    4,1 . 2016.

    , .

    .

    3,4 .

    2016.

    400 .

    ,

    .

    13 .

    , 23 .

    ,

    . 17 . , ,

    17 . , 23 .

    ,

    .

    10,6 . -

    ,

    .

    0,6 . .

    ( 12,5%)

    . (0,15%),

    75 . .

  • 7/30/2019 (dropbox, scribd)

    10/74

    10 |

    0,4 .

    .

    0,5 . , , 2014,

    . , . ,

    , ,

    , ELA.

    1 .

    .

    5 10 .

    0,5 . , ,

    cyta . 0,5 . 2016

    ( ) 0,4 .

    .

    0,1 . .

    .

    , 29 2013

    37,5% .

    ,

    , .

    .

    , , :

    26

    100 ,

    100

    (

    , ,

    ).

  • 7/30/2019 (dropbox, scribd)

    11/74

    11 |

    ,

    [1 ] .

    :

    - 37,5%

    ( ) 1

    1 .

    - 22,5% ( )

    - 40%

    .

    [ 2 ], 37,5%

    , 8,1 , client/nominee/trustee 0,7

    ,

    ( 3,1 ).

    100.000

    .

    , ,

    1,5 , (

    ),

    PIMCO

    .

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/1.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/1.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/2.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/2.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/2.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/1.docx
  • 7/30/2019 (dropbox, scribd)

    12/74

    12 |

    , , 22,5%

    , 1,8 ,

    ,

    90

    .

    .

    40% , 3,3 ,

    10

    .

    , (

    1,795 .),

    ( 529 . )

    ( 62 .

    ) , .

    1 ,

    .

    (

    ) EURIBOR-3 +10bps. ,

    , ,

    (fair value)

    ,

    . [3]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/3.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/3.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/3.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/3.pdf
  • 7/30/2019 (dropbox, scribd)

    13/74

    13 |

    , 24/4/13,

    () 2013,

    169(2) ,

    (

    .

    ,

    ,

    . , ,

    , ,

    ,

    ,

    3 2011

    [4 ].

    (share, stock)

    .

    ,

    ,

    .

    ,

    ( )

    .

    , .

    ,

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/4.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/4.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/4.pdf
  • 7/30/2019 (dropbox, scribd)

    14/74

    14 |

    .

    , : ,

    ,

    ,

    .

    .

    .

    3.

    [. ,

    0666/2008, Gert Vercauteren, ,

    [ 5]

    :

    .

    .

    .

    . ,

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/5.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/5.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/5.pdf
  • 7/30/2019 (dropbox, scribd)

    15/74

    15 |

    :

    .,

    :

    ,

    .

    ,

    . ,

    ,

    .

    , (

    )

    .

    ,

    . 15

    1 2005. 12

    , 1 2009, 11

    351

    .

    , , ,

    . ,

    :

    (

    ).

  • 7/30/2019 (dropbox, scribd)

    16/74

    16 |

    , , ,

    .

    293 ,

    ()

    ()

    , (.

    90/434/, 90/435/, /

    ), , ,

    .

    , ,

    . ,

    ,

    , , . ,

    ,

    ,

    , .

    ,

    , ,

    ()

    ,

    ( C-279/93, Schumacker, 21).

    ,

    ,

    .

    ,

  • 7/30/2019 (dropbox, scribd)

    17/74

    17 |

    ,

    /

    . ,

    .

    . 60, Neumark

    .

    ,

    .

    ,

    ,

    ( )

    .

    2005, ,

    ,

    , ,

    , ,

    ,

    . 2006,

  • 7/30/2019 (dropbox, scribd)

    18/74

    18 |

    IV .

    .

    ,

    , ,

    .

    ,

    ,

    . , ,

    ,

    2009

    ,

    ,

    .

    , ,

    .

    , (

    )

  • 7/30/2019 (dropbox, scribd)

    19/74

    19 |

    .

    ,

    .,

    ( )

    .

    ,

    , ,

    . 1 2009,

    , 11 351

    ,

    ( ).

    , ,

    . ,

    ,

    .

    ,

    ,

    .

    ,

    ,

    /

    .

  • 7/30/2019 (dropbox, scribd)

    20/74

    20 |

    2005

    ,

    ,

    . 2006,

    IV

    .

    ,

    2006,

    , ,

    25, 5,

    .

    , . ,

    23 1990 (90/436/)

    ,

    . ,

    .

    ,

    . ,

    ,

    ,

  • 7/30/2019 (dropbox, scribd)

    21/74

    21 |

    .

    ,

    ,

    ,

    . ,

    ,

    ,

    ,

    ,

    .

    .

    4. 1 3 22 ( IV

    )

    (),

    ( 4).

    [

    (Organization for the Economic Cooperation and Development OECD)]

    1961

    (Organization for European Economic Cooperation - OEEC),

    1948. OEEC

    (Committee of European Economic

    Cooperation - CEEC) .

  • 7/30/2019 (dropbox, scribd)

    22/74

    22 |

    ,

    . 34

    .

    .

    1995

    . 2013

    .

    .

    , ,

    ()

    :

    2

    1.

    ,

    .

    2

    ,

    ,

    ,

    ,

    .

    4

  • 7/30/2019 (dropbox, scribd)

    23/74

    23 |

    1. ,

    ,

    ,

    , ,

    .

    .

    2. , 1,

    ,

    :

    )

    .

    ,

    (

    ).

    )

    ,

    .

    )

    ,

    .

    ) '

    ,

    .

    3. , 1,

    ,

    .

  • 7/30/2019 (dropbox, scribd)

    24/74

    24 |

    5

    1. ,

    ,

    .

    2. :

    )

    )

    )

    )

    )

    ) , ,

    IV

    22

    1. , 6,

    ,

    .

    2.

    ,

    , .3.

    , ,

    .

    4.

    .

  • 7/30/2019 (dropbox, scribd)

    25/74

    25 |

    V

    23

    1.

    ,

    , ,

    2 3,

    .

    2.

    , 10 11

    ,

    , 22

    :1.

    ,

    .

    2(. 2).

    2.

    . , , '

    ,

    . ,

    ,

    .

  • 7/30/2019 (dropbox, scribd)

    26/74

    26 |

    3. , ,

    .

    6,

    ( 1),

    ( 2).

    4. ,

    , ,

    ( 3).

    3 13. 6 3

    8

    .

    , ,

    3

    2 3

    8.

    ,

    1.

    4.1 3

    ,

    ,

  • 7/30/2019 (dropbox, scribd)

    27/74

    27 |

    ,

    , , .

    1 3,

    ( 4).

    23 23

    :

    I. .

    (

    23 23 ,

    ,

    ).

    1.

    .

    2.

    ,

    .

    .

    3.

    :

  • 7/30/2019 (dropbox, scribd)

    28/74

    28 |

    )

    (

    ).

    ) ()

    ( )

    .

    ) ,

    ,

    . , ,

    ()

    () (

    .

    4. 4

    )

    ).

    ,

    , ,

    ( 1 4),

    ()

    ( 2 3 4).

    , 3943/2011

    :

    .

    3943/2011 (31.3.2011) 2 ...

    ( ) ) ,

  • 7/30/2019 (dropbox, scribd)

    29/74

    29 |

    )

    ,

    .

    .

    ,

    .

    , ,

    - - (source and application of

    funds method), (net worth method)

    (bank deposits and

    cash expenditure method). [16] , [17]

    4.1 4, ,

    . ,

    )

    , . ,

    4

    .

    [ 6 ].

    []

    6.

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/16.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/17.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/17.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/16.pdf
  • 7/30/2019 (dropbox, scribd)

    30/74

    30 |

    .

    1 7

    ( ), 1 2 8 (,

    ), 1

    12 (), 3 5 13 ( ,

    ), 1 14(),

    1 2 15

    ( , ) 18 (), 1 2

    19 ( , ), 1 21 (

    ) 3 4

    22[ 4 . 22

    1 - 3

    ].

    , .

    4,

    (),

    ()

    4.

    ()

    1 2

    8 ( , ), 3

    13 ( , ), ) 1

    2 19 ( , )

    3 22 (

    ).

  • 7/30/2019 (dropbox, scribd)

    31/74

    31 |

    7.

    ( )

    4.

    ()

    . 1 2

    23 1 23

    .

    , ,

    ,

    , ,

    , , (.

    ,

    Gilly, 21 1999, C-307/97, Saint-Gobain ZN,

    1999, . I-6161, Amurta, , Orange European Smallcap Fund).

    , , , ,

    ,

    (.

    , Kerckhaert Morres).

    Austria, Belgium, Bulgaria, Canada , China , Czechoslovakia

    , Germany , Hungary , India , Kuwait , Lebanon , Malta , Mauritius , Poland ,

    Romania , Russia , Seychelles , South Africa , Yugoslavia (

    ) ,

    22 IV ( )

    .

  • 7/30/2019 (dropbox, scribd)

    32/74

    32 |

    ,

    (

    22 )

    Armenia, Belarus, Czech,

    Denmark, Egypt, Estonia, Greece, Ireland, Italy, Moldavia, Quatar, San

    Marino, Singapore, Slovenia, Sweden, Syria, Thailand, United Arab Emirates,

    United Kingdom of Great Britain and Northern Ireland, United States of

    America, , , ,

    .

    5. .

    293

    [. C-128/08 Jacques Damseaux tat belge (

    tribunal de premire instance de Lige

    )

    293

    ] [ 7 ]

    56

    , ,

    ,

    , :

    ,

    , (., ,

    13 2005, C-446/03, Marks & Spencer,

    2005, . I-10837, 29 12 2006, C-196/04, Cadbury

    Schweppes Cadbury Schweppes Overseas, 2006, . I-7995,

    40 12 2006, C-374/04, Test Claimants in Class IV

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/7.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/7.docx
  • 7/30/2019 (dropbox, scribd)

    33/74

    33 |

    of the ACT Group Litigation, 2006, . I-11673, 36,

    8 2007, C-379/05, Amurta, 2007, . I-9569,

    16).

    ,

    (., ,

    Kerckhaert Morres, 19, 20 24,

    Orange European Smallcap Fund, 41, 42

    47).

    ,

    ,

    23 1990,

    (

    1990, L 225, . 10), ,

    293 , (. 12 1998, C-336/96, Gilly, 1998, . I-2793, 23). ,

    90/435/ , 23 1990,

    (EE L 225, . 6),

    2003/48/ , 3 2003,

    ( L

    157, . 38), ,

    ,

    (., ,

    Orange European Smallcap Fund, 32).

    ,

    ,

    , ,

    , ,

  • 7/30/2019 (dropbox, scribd)

    34/74

    34 |

    ( Gilly, , 24 30 21

    1999, C-307/97, Saint-Gobain ZN, 1999, . I-6161,

    57 Amurta, , 17, Orange European

    Smallcap Fund, , 32). , ,

    , , ,

    (.

    Kerckhaert Morres, , 23).

    ,

    (), ,

    ,

    (.

    Kerckhaert Morres, 22, Columbus Container

    Services, 45).

    6.

    [ 23 B ,

    , .

    PAOLO MENGOZZI 12 2012 C-168/11

    Manfred Beker Christa Beker Finanzamt Heilbronn

    Bundesfinanzhof () ] [

    8 ]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/8.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/8.docx
  • 7/30/2019 (dropbox, scribd)

    35/74

    35 |

    ,

    , :

    ,

    . ,

    :

    , ,

    , ,

    , ,

    ,

    .

    .

    ,

    ,

    , , ,

    .

    ,

    ,

    .

    63,

    56 E, .

    , ,

  • 7/30/2019 (dropbox, scribd)

    36/74

    36 |

    .

    .

    ,

    , ,

    , .

    ( :

    ). ,

    .

    2010,

    , www.oecd.org.

    . ,

    .

    .

    , :

    ,

    . ,

    ,

    .

    ().

    ,

    http://www.oecd.org/http://www.oecd.org/http://www.oecd.org/
  • 7/30/2019 (dropbox, scribd)

    37/74

    37 |

    . 23B

    ,

    ,

    . , ,

    23 B :

    1.

    ,

    , ,

    2 3,

    .

    2.

    , 10 11

    ,

    a) ,

    ,

    []

    [] , ,

    [], ,

    .

    []

    23 23

    :

  • 7/30/2019 (dropbox, scribd)

    38/74

    38 |

    ( )

    4,

    ()

    . 1 2

    23 1 23

    .

    23 23

    (

    ) ,

    ,

    . ,

    .

    ,

    (

    )

    ( 2 21).

    23 23

    ,

    (. 5

    21). ,

    2 10 11 (. 5

    21),

  • 7/30/2019 (dropbox, scribd)

    39/74

    39 |

    ,

    2 23 1 23 .

    []

    .

    12.

    . ,

    ,

    (

    ) .

    1.

    13. ,

    (, ,

    . 4, 6

    28 ).

    14. :

    )

    .

    .

    (full exempition)

    )

    ,

    .

  • 7/30/2019 (dropbox, scribd)

    40/74

    40 |

    (exempition with

    progression).

    ,

    , .

    2.

    15. ,

    ,

    ,

    ,

    ( .

    6 ).

    .

    16. :

    )

    .

    (full credit)

    )

    ,

    . (ordinary

    credit).

    17. ' ,

    .

    ,

    .

    34c,

    , Einkommensteuergesetz,

    :

    ,

  • 7/30/2019 (dropbox, scribd)

    41/74

    41 |

    ,

    , []

    .

    ,

    [],

    []

    :

    , ,

    .

    , ,

    [., , 14

    1995, C-279/93, Schumacker ( 1995, . I-225,

    21) 6 2006, C-346/04, Conijn ( 2006, . I-6137,

    14), 6 2007, C-298/05, Columbus Container

    Services ( 2007, . I-10451, 28)].

    ,

    [ 16

    2008, C-527/06, Renneberg ( 2008, . I-7735, 48 50

    )].

    , , ,

    .

  • 7/30/2019 (dropbox, scribd)

    42/74

    42 |

    ,

    [ 20

    2008, C-194/06, Orange European Smallcap Fund ( 2008,

    . I-3747, 47)].

    ,

    [. Test Claimants in the FII Group Litigation (48)

    10 2011, C-436/08 C-437/08, Haribo (

    , 86)].

    , ,

    . ,

    ,

    [ Renneberg 18 2010,

    C-440/08, Gielen ( 2010, . I-2323, 43 44).].

    ,

    [. 14 2006,

    C-386/04, Centro di Musicologia Walter Stauffer ( 2006, . I-8203,),

    Haribo].

    (

    )

    ,

    ,

  • 7/30/2019 (dropbox, scribd)

    43/74

    43 |

    .

    ,

    ,

    , ( ).

    ,

    ,

    [. . 57 58

    PAOLO MENGOZZI 12 2012

    C-168/11 Manfred Beker Christa Beker Finanzamt Heilbronn

    Bundesfinanzhof () ].

    .

    7. 37,5%

    ( )

    1 1 ,

    ,

    ,

    .

    .

    .

    ( )

    ( ).

  • 7/30/2019 (dropbox, scribd)

    44/74

    44 |

    ,

    . ,

    ,

    ,

    . , ,

    ,

    , ,

    , ,

    .

    , ,

    ,

    . ,

    , [.

    5/1984, 3386, 1103/1989, 3954, 105-6/1982, 648/1981 , 18/1994

    () .]

    ,

    2

    [ 9 ]

    16, 17 , 18 2 3

    :

    16.

    ,

    , ,

    ,

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/9.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/9.docx
  • 7/30/2019 (dropbox, scribd)

    45/74

    45 |

    (

    19-22).

    17. ,

    .

    ( 19-22).

    18 (),

    , :

    2. ,

    ( ,

    ),

    .

    3,

    :

    ,

    ,

    . ,

  • 7/30/2019 (dropbox, scribd)

    46/74

    46 |

    ,

    , ,

    .

    B13

    ,

    . ,

    .

    , ( )

    "

    ,

    ".

    ,

    ,

    ,

    .

    , [

    ( ) ] 1

    1

  • 7/30/2019 (dropbox, scribd)

    47/74

    47 |

    ,

    , ,

    ,

    ,

    (

    ), .

    ,

    1

    1 ,

    (. B13 ).

    ,

    (

    ,

    ,

    ,

    ), ,

    ,

    ().

    , ,

    ,

    {

    ,

    0,208 [ 10 ] }.

    1

    1

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/10.pnghttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/10.png
  • 7/30/2019 (dropbox, scribd)

    48/74

    48 |

    ( ).

    (1 1

    )

    [

    ()

    0,114 )].

    37,5%

    ( ) 1

    1 ,

    .

    ,

    , 10,6. - ,

    .

    ()

    ( ),

    ,

    .

  • 7/30/2019 (dropbox, scribd)

    49/74

    49 |

    ( ), ()

    ,

    .

    (bail in),

    .

    8. ()

    , , ,

    ,

    ()

    4 22 ( IV )

    ()

    4,

    , ,

    , (bail in),

    ,

    :

    (2 2),

    , .

    ,

    , , ,

  • 7/30/2019 (dropbox, scribd)

    50/74

    50 |

    (4 5).

    ,

    , 6

    ,

    ( 22).

    ,

    4

    1 3 22,

    ( 4).

    ,

    (

    ).

    ,

    .

    4, ,

    ()

    4,

    .

  • 7/30/2019 (dropbox, scribd)

    51/74

    51 |

    , ,

    ,

    1995

    2013 ,

    ,

    , ,

    ()

    ,

    ,

    ,

    ,

    .

    4

    22 IV ( )

    (),

    Austria, Belgium, Bulgaria,

    Canada , China , Czechoslovakia , Germany , Hungary , India , Kuwait

    , Lebanon , Malta , Mauritius , Poland , Romania , Russia , Seychelles , South

    Africa, Yugoslavia ( )

    [ 11 ]

    . 21 05/12/1998

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/11.rarhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/11.rar
  • 7/30/2019 (dropbox, scribd)

    52/74

    52 |

    (

    3306 261999),

    ( 21 )

    22 IV ( )

    [ 12 ].

    {

    Armenia, Belarus, Czech, Denmark, Egypt, Estonia, Greece, Ireland, Italy,

    Moldavia, Quatar , San Marino, Singapore, Slovenia, Sweden, Syria,

    Thailand, United Arab Emirates, United Kingdom of Great Britain and

    Northern Ireland, United States of America, , ,

    , [ 13 ] }

    ,

    22 4 (

    ).

    ()

    22 4 , ,

    ,

    ,

    . 4

    22 ,

    1 3 22,

    ( 4).

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/12.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/13.rarhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/13.rarhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/12.pdf
  • 7/30/2019 (dropbox, scribd)

    53/74

    53 |

    (),

    ,

    Austria, Belgium, Bulgaria, Canada , China , Czechoslovakia,

    Germany, Hungary, India, Kuwait, Lebanon, Malta, Mauritius, Poland,

    Romania, Russia, Seychelles, South Africa, Yugoslavia (

    ) .

    ,

    ,

    22 IV ( )

    ().

    , Armenia, Belarus, Czech, Denmark,

    Egypt, Estonia , Greece, Ireland, Italy, Moldavia, Quatar , San Marino,

    Singapore, Slovenia, Sweden, Syria, Thailand, United Arab Emirates, UnitedKingdom of Great Britain and Northern Ireland, United States of America ,

    , , , ,

    ( . 4 22

    ), (),

    , 4 22

    ( IV )

    ().

  • 7/30/2019 (dropbox, scribd)

    54/74

    54 |

    9.

    293 -

    [.

    C-128/08 Jacques Damseaux tat belge ( tribunal de

    premire instance de Lige )

    293 ] [ 7 ]

    5,

    , ,

    , (bail in),

    ,

    :

    56

    , ,

    ,

    , ,

    ,

    , ( ),

    (. 14

    2006, C-170/05, Denkavit Internationaal Denkavit France,

    2006, . -11949, 53, Amurta, 55), ,

    ,

    ,

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/7.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/7.docx
  • 7/30/2019 (dropbox, scribd)

    55/74

    55 |

    , 56

    ,

    .

    ,

    [ 20 2008, C-194/06, Orange European

    Smallcap Fund ( 2008, . I-3747, 47)].

    , , ,

    (. Kerckhaert Morres).

    ,

    ,

    , ,

    , ,

    ,

    [.

    14 1995, C-279/93, Schumacker ( 1995, . I-225,

    21) 6 2006, C-346/04, Conijn ( 2006,

    . I-6137, 14), 6 2007, C-298/05, Columbus

    Container Services ( 2007, . I-10451, 28)]. ()

    , - -,

    ,

    [

    , ].

  • 7/30/2019 (dropbox, scribd)

    56/74

    56 |

    ,

    ,

    293 ,

    ,

    Austria, Belgium, Bulgaria,

    Canada , China , Czechoslovakia, Germany, Hungary, India, Kuwait,

    Lebanon, Malta, Mauritius, Poland, Romania, Russia, Seychelles, South

    Africa, Yugoslavia ( )

    () .

    - -

    ,

    ,

    (bail

    in),

    .

    ,

    ,

    ,

    22 IV ( )

    ()

    4

    .

    10. .

  • 7/30/2019 (dropbox, scribd)

    57/74

    57 |

    ,

    .

    [ 23

    B ,

    , .

    PAOLO MENGOZZI 12

    2012 C-168/11 Manfred Beker Christa Beker Finanzamt

    Heilbronn Bundesfinanzhof ()

    ] [ 8 ]

    ,

    , ,

    :

    (),

    ,

    Austria, Belgium,

    Bulgaria, Canada , China , Czechoslovakia, Germany, Hungary, India,

    Kuwait, Lebanon, Malta, Mauritius, Poland, Romania, Russia, Seychelles,

    South Africa, Yugoslavia ( )

    , ,

    22 IV (

    )

    ().

    Armenia, Belarus, Czech, Denmark,

    Egypt, Estonia , Greece, Ireland, Italy, Moldavia, Quatar, San Marino,

    Singapore, Slovenia, Sweden, Syria, Thailand, United Arab Emirates, United

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/8.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/8.docx
  • 7/30/2019 (dropbox, scribd)

    58/74

    58 |

    Kingdom of Great Britain and Northern Ireland, United States of America ,

    , , , ,

    4.

    ,

    23 23

    ()

    . ,

    (), ()

    (),

    !!! ,

    ,

    , ,

    .

    (

    )

    ,

    ,

    ,

    ... ,

  • 7/30/2019 (dropbox, scribd)

    59/74

    59 |

    !

    ,

    , "

    - ,

    ".

    , ,

    ,

    -

    -, ,

    .

    Finacial Times (15/05/2013) ": "bail in" " ...

    ( 100.000

    )

    ,

    , ,

    .

    ..

    (Ecofin), Wolfgang Schuble

    . (bail-in)

    ,

    ,

  • 7/30/2019 (dropbox, scribd)

    60/74

    60 |

    .

    ,

    bail-in

    2018 2015 [ 15 ].

    ,

    , ,

    ,

    bail-in. ,

    , .

    ,

    .

    .

    ,

    ,

    ,

    . ,

    ,

    (bail in)

    .

    , ,

    ,

    ,

    (bail in).

    ,

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/15.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/15.pdf
  • 7/30/2019 (dropbox, scribd)

    61/74

    61 |

    4.

    ()

    [ 23 B

    ,

    ].

    , 23 B

    (

    =

    !!!).

    ,

    (

    ) )

    ()

    [

    ()

    ,

    ( ) ()

    ,

    ] )

    ,

    (

    ),

    ,

  • 7/30/2019 (dropbox, scribd)

    62/74

    62 |

    ,

    6 ,

    :

    ,

    ,

    , .

    .

    ,

    ,

    ,

    -

    ,

    , ,

    [

    , , ,

    ].

    The Economist

    .

  • 7/30/2019 (dropbox, scribd)

    63/74

    63 |

    ,

    .

    , [ 14 ]

    ,

    (bail in),

    .

    ,

    .

    ,

    , ( ),

    ()

    ,

    ,

    .

    ,

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/14.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/14.pdf
  • 7/30/2019 (dropbox, scribd)

    64/74

    64 |

    :

    4,

    ()

    [ 23 ],

    4,

    ()

    ,

    :

    56

    ,

    ()

    ,

    , ,

    , ,

    ( )

    .

  • 7/30/2019 (dropbox, scribd)

    65/74

    65 |

    ,

    , ,

    :

    ,

    .

    , ,

    ( ).

    ().

    ,

    ,

    ,

    , (bail

    in),

    , 23 B

    ,

    .

    , ,

    .

    , .

  • 7/30/2019 (dropbox, scribd)

    66/74

    66 |

    ( )

    .

    ,

    1 1

    . :

    ( )

    () (

    )

    ( ) ,

    ()

    ,

    ()

    ,

    ()

    ( ).

    ,

    (

    ).

    ,

    ,

    ,

    ,

  • 7/30/2019 (dropbox, scribd)

    67/74

    67 |

    ,

    ,

    ,

    ,

    ,

    ( ,

    ,

    -- ).

    ,

    ,

    ,

    (resolution),

    ,

    (bail in),

    .

    ,

    , 22

    IV ( )

    , ,

    (),

    4 22 ( IV

    )

  • 7/30/2019 (dropbox, scribd)

    68/74

    68 |

    () -

    -

    (),

    23B

    ,

    .

    )

    (),

    ( ) ,

    .

    )

    ,

    , ,

    .

    17 2013

  • 7/30/2019 (dropbox, scribd)

    69/74

    69 |

    ----------------------------------------------------------------------------------------------------------------[1]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/1.docx

    ----------------------------------------------------------------------------------------------------------------

    [2]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/2.docx

    ----------------------------------------------------------------------------------------------------------------

    [3]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/3.pdf

    ----------------------------------------------------------------------------------------------------------------

    [4]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/1.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/1.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/2.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/3.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/3.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/2.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/1.docx
  • 7/30/2019 (dropbox, scribd)

    70/74

    70 |

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/4.pdf

    ----------------------------------------------------------------------------------------------------------------

    [5]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/5.pdf

    ----------------------------------------------------------------------------------------------------------------

    [6]

    ( )

    ,

    ,

    .

    ----------------------------------------------------------------------------------------------------------------

    [7]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/7.docx

    ----------------------------------------------------------------------------------------------------------------

    [8]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/4.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/5.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/5.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/7.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/7.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/5.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/4.pdf
  • 7/30/2019 (dropbox, scribd)

    71/74

    71 |

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/8.docx

    ----------------------------------------------------------------------------------------------------------------

    [9]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/9.docx

    ----------------------------------------------------------------------------------------------------------------

    [10]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/10.png

    ----------------------------------------------------------------------------------------------------------------

    [11]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/8.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/9.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/9.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/10.pnghttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/10.pnghttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/9.docxhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/8.docx
  • 7/30/2019 (dropbox, scribd)

    72/74

    72 |

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/11.rar

    ----------------------------------------------------------------------------------------------------------------

    [12]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/12.pdf

    ----------------------------------------------------------------------------------------------------------------

    [13]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/13.rar

    ----------------------------------------------------------------------------------------------------------------

    [14]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/11.rarhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/12.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/12.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/13.rarhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/13.rarhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/12.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/11.rar
  • 7/30/2019 (dropbox, scribd)

    73/74

    73 |

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/14.pdf

    ----------------------------------------------------------------------------------------------------------------

    [15]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/15.pdf

    ----------------------------------------------------------------------------------------------------------------

    [16]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/16.pdf

    ----------------------------------------------------------------------------------------------------------------

    [17]

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/14.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/15.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/15.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/16.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/16.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/16.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/15.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/14.pdf
  • 7/30/2019 (dropbox, scribd)

    74/74

    74 |

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/17.pdf

    ----------------------------------------------------------------------------------------------------------------

    QR code

    https://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/17.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/17.pdfhttps://dl.dropboxusercontent.com/u/49558777/BOCY-bail-in/sxetika%20eggrafa/17.pdf