Cyprus update

Its still a very fluid situation

  • Eurozone finance ministers meet in Brussels at 5 p.m. GMT Sunday.
  • Cypriot President Anastastiades is leaving for Brussels on Sunday morning , negotiations to continue there
  • Nationalized pensions are off the table, not to be part of the package
  • 20% ‘one off’ levy/tax on deposits over EUR100k at Bank of Cyprus, 4% on over EUR100k at others (see Adam’s earlier post)
  • Monday is the deadline for a deal

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