Cyprus would seek EU bailout money 'if necessary


#1

Cyprus would seek EU bailout money 'if necessary -> bbc.co.uk/news/business-18318252


#2

Laiki Bank is Cyprus’ Anglo with 49% of it’s loan book written to Greece. But it’s even worse because Laiki is one of the top two retail banks in the country, not a second tier player like Anglo was here.


#3

The deadline for the Cypriot bank bailout/recap is 30 June 2012. Cyprus would prefer that the bailout money comes from Russia rather than from the IMF/Europe.

Highly informative article in the FT on the situation in Cyprus …

ft.com/intl/cms/s/0/48b1de4a … z1wkBomcg0


#4

AP: Cyprus Popular Bank: Cyprus Will seek ‘EU’ Bailout

businessweek.com/ap/2012-06/D9V90AM80.htm


#5

As fungus says above, they have a 10% Corpo Tax in Cyprus as well. (For now.)


#6

Reuters: Cyprus bailout could come soon

reuters.com/article/2012/06/ … NT20120611

Ollie Rehn has also just said that a Cyprus bailout is now “extremely urgent”. Cypriot banks must be on the edge. Bailout 5 here we come.


#7

**FT: Cyprus May Look for bailout for Sovereign and Banks. **

google.ie/url?sa=t&rct=j&q=& … ogAMgi-OmA


#8

Europe Bailout #5 Is In The Books
www.zerohedge.com/news/europe-bailout-5-books


#9

minutes away round five !

Surely the Greeks are a side show now - Italy/Spain are the real issue.


#10

A more in depth recounting of the Popular (Laiki) Bank debacle. It all sounds depressingly familiar.

reuters.com/article/2012/06/ … M920120613


#11

An Interesting Bailout in the Offing -> brucekrasting.blogspot.co.uk/201 … ffing.html


#12

Cypriots close to sealing €5bn loan from Moscow -> hat4uk.wordpress.com/2012/06/21/ … ther-cuba/


#13

Cyprus Officially Requests Bailout

zerohedge.com/news/greek-fin … ts-bailout


#14

Fitch said bailout 2 (Russia gave bailout I) for Cyprus would be 4 billion, now it might be 10 billion …

FT: Cyprus Bailout May be as much as 10 Billion EUR

www.ft.com/intl/cms/s/0/80320e0e-bed0-1 … z1ypZVrnLb


#15

Thats the first estimate. If Cyprus is like all the other bailout countries, You can double this.


#16

800000 people, they might give us a run for our money on biggest bailout per capita.


#17

Troika Finds Cyprus economy worse than expected

xe.com/news/2012/08/06/28506 … s_RSS_Art1


#18

Good call. Estimates now well above 10 billion EUR.

Bloomberg: Cyprus May Need More Bailout Cash For Banks, Public Finances

bloomberg.com/news/2012-08-0 … ances.html


#19

#20

I wonder how much of this will Ireland be supplying …

Cyprus seeks €11.5 billion bailout

euobserver.com/economic/117762