Euro Area in ‘Deep Trouble’: Eurogroup Discussed Cypriot Euro Exit, Threatens to Cut Cyprus Funding on Monday (March 25), Capital Controls In Teleconference, Cypriots Prefer Euro-Zone Exit Over EU Tax, British Savings Are Put At Risk

The ECB Just Gave Cyprus Its Drop Dead Date
Next Monday is the drop dead date by Cyprus.

If Cyprus doesn’t have a deal in place by then, the ECB will not provide its banks the emergency liquidity assistance they need to continue to operate.

Read more:

Cypriots prefer euro-zone exit over EU tax: report

An overwhelming majority of the citizens in Cyprus would rather leave the euro zone than accept an unprecedented levy on bank deposits as part of bailout package, Greek daily Ekathimerini reported on Thursday, citing a survey by Prime Consulting. The survey found that 91% of the Cypriots back the government’s decision to reject the proposed bank-deposit tax, while 67% preferred a euro-zone exit along with stronger ties to Russia….

ECB to Cyprus: You Have Four Days to Strike a Deal


Gregor Peter‏@L0gg0l4 min


zerohedge‏@zerohedge2 min
So this is what “Positive Contagion” means…

zerohedge‏@zerohedge3 min
LSE’s de Grauwe Says Euro Area in ‘Deep Trouble’

zerohedge‏@zerohedge11 min
Russia’s Klepach says Cypriot situation unlikely to be resolved soon. So… March 25 deadline ixnay?

erohedge‏@zerohedge23 min
Euro Official On Cyprus: “Markets Believe We Will Find A Solution, This Might Not Be The Case”

zerohedge‏@zerohedge11 min
Russia’s Klepach says Cypriot situation unlikely to be resolved soon. So… March 25 deadline ixnay?

Gregor Peter‏@L0gg0l1 min
RT @NickMalkoutzis: #Tsipras: #Greece is not behaving like the motherland for Cypriots but the step mother

Gregor Peter‏@L0gg0l3 min
RT @TheLiveProject: Tsipras: Those in Eurogroup are cynical gangsters

‘Open talk’ of Cyprus leaving euro as British savings are put at risk

Unless the island signs off on a radical debt-cutting programme, the ECB will on Monday withdraw “emergency liquidity assistance” leading to the immediate collapse of the two largest Cypriot banks and a financial crash in Cyprus.

It has also emerged that talks over Cyprus leaving the EU’s single currency took place on Wednesday night between senior finance officials who have drawn up plans for capital controls to prevent a meltdown of the eurozone’s financial system.



Gregor Peter‏@L0gg0l26 s
‘ATM run’ in Cyprus after rumors of bank shutdown (denied by regulators) — Sigma TV

zerohedge‏@zerohedge1 min
Cyprus Fix to Be Costlier, Lengthier Than Needed: Russia

zerohedge‏@zerohedge1 min
RT @BBC_Joe_Lynam: AFP sources: EU calls on Cyprus to set capital controls and merge 2 biggest banks Laiki and Bank of Cyprus.

Gregor Peter‏@L0gg0l19 s
Cyprus solidarity fund to be submitted to parliament at 7 PM tonight local time — @ekathimerini

zerohedge‏@zerohedge1 min

zerohedge‏@zerohedge19 s
The people demand a Trillion Euro Coin!

zerohedge‏@zerohedge1 min
@fiatcurrency Actually ED: European Disunion. Also, another unfortunate acronym

zerohedge‏@zerohedge29 s
Cyprus Levy Needed to Save Banks, Deposits – Eurozone official. “To save deposits, we must confiscate deposits”

Gregor Peter‏@L0gg0l3 min
RT @YanniKouts: #Cyprus FinMin Sarris: Russia Will Not Contribute New Loan To Bailout

A top Russian official in Brussels has warned that the Cyprus debt crisis may result in a “domino effect” across the eurozone.