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The ECB has upped the stakes over Cyprus, threatening to cut off emergency funding on Monday if...

The ECB has upped the stakes over Cyprus, threatening to cut off emergency funding on Monday if the country hasn't agreed to a bailout deal by then. Cypriot President Nicos Anastasiades is in talks with party leaders to find a solution that could involve an emergency bond linked to future natural gas revenue or a revised bank deposit tax for large accounts. Finance Minister Michael Sarris is still in Moscow as he seeks a rescue from Russia. (More on Cyprus)
Comments (7)
  • kmi
    , contributor
    Comments (4311) | Send Message
     
    If Cyprus creates closer ties with Russia and steps away from the EU center, Greece will pursue a similar path.
    21 Mar 2013, 08:09 AM Reply Like
  • Valueplay98
    , contributor
    Comments (584) | Send Message
     
    Me: You better not cross this line -
    You: crosses line
    Me: No, I mean this line
    You: crosses line again
    Me: runs away...

     

    Me = EU
    You = Cypress
    21 Mar 2013, 08:35 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    ECB is like a bad parent. "I'm gonna count to three. 1...2...... I mean it now. 1... 2.... now act right...."
    21 Mar 2013, 09:15 AM Reply Like
  • frosty
    , contributor
    Comments (712) | Send Message
     
    Ditch the Euro and adopt the Ruble?
    21 Mar 2013, 09:11 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Will cost you one 100 year lease on a naval base.
    21 Mar 2013, 09:16 AM Reply Like
  • Sakelaris
    , contributor
    Comments (1730) | Send Message
     
    Well, Cyprus has already accommodated British bases, which did absolutely nothing to halt the 1974 Turkish seizure of one third of its territory. Maybe they think Russia can provide better security for what remains.
    21 Mar 2013, 12:12 PM Reply Like
  • june1234
    , contributor
    Comments (3195) | Send Message
     
    Basically they're just foreclosing on that country. Cypress wants more favorable terms on that worthless Greek debt they hold. EU wont budge. 60% of that islands GDP is banking. they have no choice but to tax deposits or leave EU unless they accept Russian offer which under circumstances cant be very generous.
    21 Mar 2013, 10:17 AM Reply Like
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