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Cyprus and its international lenders on Monday reached a last-minute rescue deal to resolve the country's financial crisis. But what are the implications for the country?
Cyprus is expected to take some dramatic measures this weekend to secure an EU bailout, including approving some type of tax on big savers.
Cyprus' lawmakers geared up to vote on a series of bills put forward in a renewed effort to strike a bailout deal with European partners on Friday after talks with Russia collapsed.
With Europe locked in a multi-billion-dollar game of chicken with Cyprus, markets Friday were watching closely to see which side would blink first.
Patrick Legland, head of global research at Societe Generale, says that despite Draghi's tougher-than-usual stance and Germany wanting to make Cyprus an example, everybody will try to find a solution to the Cyprus crisis.
European shares open lower as Cyprus, Russia talks end.
Steve Sedgwick tells viewers what his "dirty little secret" is to stay warm in Russia's icy temperatures.
Natalia Orlova, chief economist at Alfa Bank tells CNBC's Steve Sedgwick that Russian companies and banks were using Cyprus as a transit economy and that the Depositor Tax would damage the way they were doing business.
Ayham Kamel, Middle East analyst at Eurasia Group, Group discusses President Barack Obama's trip to the Middle East which shows the region remains important to the U.S., and how concerned Obama is over the Syrian conflict and its implications for the area.
Dr Alexander Apostolides of the European University Cyprus, tells CNBC that a depositor tax does not make sense without a restructuring of Cyprus' debt, arguing that a deal with the Troika would be preferred but that central powers need to be flexible.
Bill Blain, senior fixed income broker at Mint Partners, Blain, senior fixed income broker at Mint Partners, questions whether China will drive global growth in 2013 and says Japan seems to be this year's fascinating story as the weaker yen has allowed Japanese corporates to export again.
Robert Wood, chief U.K. economist at Berenberg, tells CNBC the euro zone is in "for a tough ride", but that current problems in Cyprus and Italy do not undermine fundamental changes going on in Europe, and argues the biggest risk to the region would be for outgoing Italian Prime Minister Mario Monti's reforms to be undone.
Natascha Gewaltig, director of European economics at Action Economics, Natascha Gewaltig, director of European economics at Action Economics, says there will be no structural reforms in Italy until electoral reform has gone through and argues that a return of Berlusconi would have a negative impact on markets.
Pete Westin, chief equity strategist at Aton Aton tells CNBC's Steve Sedgwick that so many Russian companies have operations in Cyprus for tax reasons and an end to the agreement between Cyprus and Russia could have big implications for these companies.
Jane Foley, senior currency strategist at Rabobank, says the markets¿ calm response to the Cyprus crisis offers less incentive for EU ministers to act and that there¿s a greater risk of Cyprus exiting the euro zone than there was for Greece.
George Osborne, UK finance minister, tells CNBC that we should not let what is clearly a big problem for Cyprus, become a big problem for Europe.
Godwin Emefiele, CEO of Zenith Bank, tells CNBC about the banks second listing on the London Stock Exchange.
Karen Cho takes you through the European market open where stocks have come in lower.
CNBC's Squawk Box Europe discusses the British tabloid take on the UK budget.
Axel Heitmann, CEO of, the world's largest synthetic rubber maker, Lanxess, tells CNBC that new car registrations in Europe are at an all-time low.
Cutmore anchors CNBC’s flagship "Squawk Box" in EMEA; the three-hour show bookends the opening of European equity markets.
Based in London, Tso co-anchors CNBC flagship show in EMEA, Squawk Box, a show that sets the news agenda every trading day.
Sedgwick co-anchors CNBC's flagship program "Squawk Box" (Europe) and is also CNBC's OPEC reporter covering major meetings.