An official says the chances of a Cyprus deal passing today are 90% — Cyprus Popular Bank to be...

|By:, SA News Editor

An official says the chances of a Cyprus deal passing today are 90% — Cyprus Popular Bank to be split, Bank of Cyprus to get good assets. Source says Cypriot banking sector may be cut in half with attendant job losses. Turkey cautions that "new crisis" will erupt if gas revenues are included in the deal even as Reuters estimates Cyprus' existing reserves at just $2B, around a fifth of what the country needs.