Cyprus bailout

EU ECONOMY 6:39pm

Cyprus parliament rejects bank levy

A protester shouts slogans as she holds a cut out figure of German Chancellor Angela Merkel, during the rally against the ratification of a one-off tax in front of the Cyprus parliament in Nicosia, Cyprus, 18 March 2013. The Cyprus parliament has been postponed until 19 March on ratification of a one-off tax on bank deposits, following a postponement to allow for consultations. The measure is part of a 10-billion-euro (13-billion-dollar) eurozone bailout for the Mediterranean island agreed in Brussels last week. President Nicos Anastasiades warned that without a bailout the financial sector would collapse, plunging Cyprus into bankruptcy. ©EPA

Nicosia turns to Moscow in search of alternative funds

Editorial from COMMENT 6:14pm

The second option open to Cyprus

Nicosia should let losses come through restructuring

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Stocks fall as Cyprus uncertainty mounts

Parliament rejects plan for bank deposit tax

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March 20 data

Country Data Estimate Actual
Germany Producer Price Index MoM 0.2%
UK Claimant Count Rate 4.7%
Russia Unemployment 5.9%
US FOMC Fed funds rate 0.25%

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