More on Cyprus: The country's finance minister - Michalis Sarris - has submitted his...

|By:, SA News Editor

More on Cyprus: The country's finance minister - Michalis Sarris - has submitted his resignation, reports both Bloomberg and CNBC. He looks to be the President's fall guy for accepting Brussels' weekend demand for the bailout to be taken out of the hides of bank depositors. (Previous: The bailout - as currently formulated - looks doomed) Spain (EWP) leads on the downside for Europe, off 2.4%.