Like flies to a blue light – Cyprus now looking at bond market

  • Expects a return to markets towards end of 2015 but may “test the waters” sooner (Like flies to a blue light or lemmings over a cliff, you decide
    ;-)
    )
  • Sees dismantling of internal capital controls by the end of May and the rest by year end
  • Wary about further sanctions on Russia and if they happen member states should have room for discretion

Cyprus PM Nicos Anastasiades on Reuters

They’ve got every reason to be wary over further sanctions as Russia has a very large interest in Cyprus. They’ve got two hopes of getting discretion over sanctions though.

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