Gregor Peter‏@L0gg0l4 min
EUROGROUP DISCUSSED CYPRIOT EURO EXIT, CAPITAL CONTROLS IN TELECONFERENCE
LSE’s de Grauwe Says Euro Area in ‘Deep Trouble’
Germany rejects Cyprus pension fund plan: reports
CYPRUS: Talks With Troika In Final Stages, Next Few Hours Will Determine The Future
The Cypriot government just issued a statement on the latest in the negotiations over a bailout of its banking system with the EU.
Via Bloomberg, Cypriot government spokesman Christos Stylianides, speaking in the capital of Nicosia, said talks with the “troika” of EU, ECB, and IMF creditors are in the final stage.
Stylianides said that parliament would convene soon to take a difficult decision, and that the measures taken would be painful regardless, but that the next few hours will be critical and will determine the future.
Negotiations are at a sensitive point and everyone has to rise to the occasion, said Stylianides.
Breaking News: Petrol stations in fear of closing down as cash is limited
Petrol stations in Cyprus are in danger of closing since owners do not have cash to refill their reserves.
Chairman of the Petrol Owners Association, Stephanos Stephanou told CNA that the situation has worsened since yesterday with gas stations accepting only cash, while people are running out of cash.
Germany’s Schaeuble Skeptical Over Cyprus Rescue Plan, Bild Say. Did they wake him at midnight to comment?
ECB Capital controls will be designed so that citizens have access to “sufficient cash to go about their lives” – how generous of Draghi
ECB Prepares Capital Controls to Stop Money Leaving Cyprus: Handelsblatt
As expected: SCHAEUBLE SAYS CYPRUS AID PROGRAM NEEDS DEBT SUSTAINABILITY
FTW – MEDVEDEV SAYS RUSSIA BACKS EFFORTS TO STABILIZE EURO
Business Insider‏@businessinsider40 min
The Cyprus Government Is Getting Ready To Make A Statement…
Business Insider‏@businessinsider1 h
Angela Merkel Has A Brutal Message For Cyprus — But It’s The Key For Getting A Deal
BANK OF CYPRUS EXECUTIVE SAYS RETURN TO POUND NOT SOLUTION. How about Ruble?
BARROSO SAYS NO RESCUE PLAN RECEIVED FROM CYPRUS. Translation: no rescue plan Europe agrees with received from Cyprus
Bank of Cyprus Chairman Sees Levy on Deposits Over EU100,000
EU says commission has not negotiated with Russians on new Cyprus deal
Europe, Russia Reject Latest Cyprus Bailout Plan Before It Is Even Voted By Parliament
WE DECIDE TODAY IF CYPRUS STAYS IN EURO – HEAD OF THE CENTRAL BANK OF CYPRUS
On German news wires:
Merkel Vents Anger at Cyprus Over Bailout Plan as Deadline Looms
Business Insider‏@businessinsider15 min
ANALYST: The Market Is Afraid That The Obvious Cyprus Outcome Will Happen, And Will Result In A Brutal Short Squeeze
Cyprus Market‏@russian_market1 min
Cyprus ‘hours away from eurozone catastrophe’
– Evening Standard
Douglas Carswell MP‏@DouglasCarswell4 min
If new #cyprus deal goes thru, why wld anyone in Portugal, Greece or Spain deposit more than Euro100k in a domestic bank?
Cyprus May Become Europe’s Lehman, Billionaire Potanin Says
“The situation in Cyprus kind of reminds me of the situation with Lehman Brothers,” Potanin told reporters in the Russian capital. Lehman, once the world’s fourth-largest investment bank, filed the biggest bankruptcy in U.S. history in September 2008.
“Cyprus just messed up,” he said.
CYPRUS CENTRAL BANK CHIEF SAYS FINANCE, BANKING BILLS MUST PASS AS IS; NO CHANGES- MNI.
Bloomberg News‏@BloombergNews8 min
Euro area finance ministers consider shuttering biggest #Cyprus banks, freezing uninsured deposits
Must Watch Rissia Today -GET YOUR MONEY OUT
Cyprus Market‏@russian_market3 min
4 hours before European markets close, people stand in ATM lines. Will Cyprus make a new surprise? Photo: @JFHaveman
Cyprus’ Central Banker thinks confiscating deposits is the prefered solution. Surprise.
$900 Million Says Euro Crashes In 2 Weeks: PUT Trade Rocks London Options Market
Someone has placed a GIGANTIC $900 million EURO PUT trade on the Euro to crash vs. the dollar within 2 weeks. Is this a ‘smart bet’ by someone who has seen the writing on the wall with the situation in Cyprus or does someone have inside knowledge that something big is about to happen? Beware! We have seen this before as shared in the videos below; in fact, it happened prior to September 11th, 2001, and we ALL saw what happened thereafter….