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Everything Is Moving Fast!! Stocks Sliding, Euro Tanking, Cyprus Contagion Spreading, The European Project Is Dying – Are You Ready For the Next Round of the Great Crisis? Just Breaking: Cypriot Parliament Rejects Ruling Party Request To Postpone Vote!


Stocks Sliding, Euro Tanking

Uncertainty.

This uncertainty is causing stocks to sell off and the euro to tumble.

In fact, Bloomberg’s Sara Eisen reports that the euro is now below $1.29 for the first time since December.

At  $1.2858, its down 0.76 percent for the day.

 

euro

FinViz

Read more: http://www.businessinsider.com/market-update-march-19-2013-2013-3#ixzz2O0dApEHK

Cypriot parliament rejects ruling party request to postpone vote!!! PIMCO says it is cutting allocations to Eurozone after Cyprus deposit levy!!!

zerohedge‏@zerohedge
Cypriot parliament rejects ruling party request to postpone vote

zerohedge‏@zerohedge
PIMCO says it is cutting allocations to Eurozone after Cyprus deposit levy – PM

https://twitter.com/zerohedge

Juergen Baetz‏@jbaetz
NICOSIA (@AP) #Cyprus’ Parliament’s speaker says vote on bank levy will go ahead today, despite delay request by the governing party. #sigh

 Cyprus parliament rejects deposit levy: reports

http://www.marketwatch.com/story/cyprus-parliament-rejects-deposit-levy-reports-2013-03-19-14912938?link=MW_home_latest_news

Former Cyprus Central Banker Goes Off On The EU And Says The European Project Is Dying

“We are witnessing historic times. What we are witnessing is the slow death of the European Project. We are in a situation that some European governments are essentially taking actions that are telling citizens of other member states that they are no…

http://www.businessinsider.com/former-cyprus-central-banker-athanasios-orphanides-says-the-european-project-is-dying-2013-3

Cyprus Finance Minister Resigns, President Refuses To Accept Resignation

Update: President Anastasiades rejects FinMin Sarris’ resignation. Unclear what happens next.

Things just took a turn for the much worse following this news from Market News:

  • CYPRUS FINANCE MINISTER SUBMITS RESIGNATION – SOURCES
  • MARKET NEWS CITES SOURCES ON CYPRUS FINANCE MINISTER

http://www.zerohedge.com/news/2013-03-19/cyprus-finance-minister-resigns

#Cyprus: vote on deposit tax expected at 8pm. No party will support it.

 

Cyprus Contagion Spreading – Greek Bonds Plunge Most Since Bailout

Greek government bonds, levitated on a sea of central bank excess & a plethora of promises, are coming back to earth rapidly as the fears of their Mediterranean brethren spreads contagiously to other bond markets. Spain & Italy are suffering …

http://www.zerohedge.com/print/471619

 

CONTAGION! DEPOSITOR HAIRCUT BAIL-INS SPREAD TO NEW ZEALAND, GOV’T DISCUSSING CYPRUS STYLE SOLUTION FOR BANK FAILURE!

…”The rule of law in the entire Western financial world is apparently vaporizing faster than the spent fuel at Fukushima.”

*BREAKING!
Depositor haircut wealth confiscations have just gone from a one-off in Cyprus to the new thing in 2013.
The New Zealand government is reportedly pursuing a policy of Cyprus style depositor haircuts for all future bank failures!

The plan would not limit the haircuts to any percentage, but would steal whatever is necessary from depositors to prop up the failing bank institution: Depositors will overnight have their savings shaved by the amount needed to keep the bank afloat.

The rule of law in the entire Western financial world is apparently vaporizing faster than the spent fuel at Fukushima.

http://www.silverdoctors.com/contagion-depositor-haircut-bail-ins-spread-to-new-zealand-govt-discussing-cyprus-style-solution-for-bank-failure/#more-23498

Daylight robbery in Cyprus will come to haunt EMU

One’s first reflex is to gasp at the stupidity of the EU policy elites, but truth is that most EU officials handling the Cyprus crisis know perfectly well that their masters have just set the slow fuse on a powder keg – and they can only pray that it…

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100023466/daylight-robbery-in-cyprus-will-come-to-haunt-emu/

 

Cyprus bailout – live

Eurozone governments are “essentially blackmailing” Cyprus, said Anthanasios Orphanides, former governor of the Cypriot central bank, as he warned against the “slow death of the European project”.

http://www.telegraph.co.uk/finance/debt-crisis-live/9939296/Cyprus-bailout-live.html

 

Brookings’ Elliott: Cyprus Plan to Have Huge Impact on Future Crises 
The plan to tax Cyprus bank deposits may have a huge impact on future banking crisis, says Douglas Elliott, a former investment banker and a fellow at the Brookings Institution, warning that possible contagion risks are enormous.

Read Latest Breaking News from Newsmax.com http://www.moneynews.com/Finance-News#ixzz2O0fLbZTw

zerohedge‏@zerohedge
German Bankers Generously Offer Cypriots Helping Hand If They Transfer Deposits

http://www.zerohedge.com/news/2013-03-19/german-bankers-generously-offer-cypriots-helping-hand-if-they-transfer-deposits

Eric Reguly‏@ereguly
Bailout vote looks to be lost Cyprus, wc cd trigger banking collapse. What is Plan B?

Pradeep K Paijwar ®‏@paijwar
Russia offers to bail out Cyprus… for a price

http://hotair.com/archives/2013/03/19/russia-offers-to-bail-out-cyprus-for-a-price/

 

Rollover 1981… world economic collapse   

 

Other headlines:

Failing Health of Italian Banks Hangs Over Markets

Fitch Takes Rating Actions on Italian Banks Following Sovereign Downgrade

Bitcoin apps soar in Spain – will the Cyprus shocker boost virtual currencies?

Cyprus Deposit Raid Stokes Senior Bond Concerns: Credit Markets

Cyprus parliament ready to veto deposit tax

China’s Suntech Power in $541m debt default

Former Cyprus central bank governor says European governments are ‘blackmailing’ country

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  • trigon400

    The real fun is about to begin…