This could get quite bad for Cyprus. They're still struggling to get a deal done with Russia and all savings may be at risk of being lost on Monday if a deal isn't a reached with either the EU or Russia.
http://www.telegraph.co.uk/finance/d...lout-live.html
Quote:
The European Central Bank will switch off the cash life support taps for banks in Cyprus wiping out £1.7 billion in British savings after next Monday unless the island signs off on a radical debt-cutting programme with the eurozone and International Monetary Fund.
Unless a deal is in place the euro's central bank will withdraw "emergency liquidity assistance" leading to the immediate collapse of the two largest Cypriot banks and a financial crash in Cyprus.
Cypriot banks are totally reliant on the ECB for funding and have taken over €9.1 billion in an emergency programme to ensure cash does not run out.
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