Economic Adjustment Programme for Cyprus be saved and transferred to Bank of Cyprus (BoC), while shareholder capital would be written off, and the uninsured deposits above €100,000 – along with other creditor claims – would be lost to the degree being decided by how much the receivership subsequently can recover from liquidation of the remaining bad assets. As an extra safety measure, uninsured deposits above €100,000 in BoC will also remain frozen until a recapitalisation has been implemented "(with a possible imposed haircut if this is later deemed needed to reach the requirement for a 9% tier 1 capital ratio)". The targeted closure of Laiki
Cyprus in the Eurovision Song Contest 2013 Cyprus in the Eurovision Song Contest 2013 Cyprus participated in the Eurovision Song Contest 2013 in Malmö, Sweden, and selected their entry through an internal selection, organised by the Cypriot broadcaster Cyprus Broadcasting Corporation (CyBC). Despina Olympiou represented Cyprus with the song "An me thimasai", which failed to qualify from the first semi-final of the contest, placing 15th and scoring 11 points. Prior to the 2013 Contest, Cyprus had participated in the Eurovision Song Contest twenty-nine times since its first entry in 1981. Its best placing was fifth, which it achieved three times: in 1982 with the song "Mono I