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Cash may not be the only thing in short supply in Cyprus, with CNBC's Michelle Caruso-Cabrera and Jeff Saut, Raymond James.
Gold retreated but is poised for a third weekly gain, reports CNBC's Sharon Epperson.
The Cypriot Parliament is preparing to vote on another bailout plan, reports CNBC's Michelle Caruso-Cabrera; and Russia's been a big player in the Cyprus drama, with CNBC's Steve Sedgwick. Also, a look at Slovenia's economy, with CNBC's Simon Hobbs.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the latest in Cyprus, and a rally in European bond markets.
Ronnie Chopra, head of strategy at Tradenext, tells CNBC that investors should be careful as the market gets carried away on a wave of positive news from the U.S. and ignores potentially dangerous European problems.
Ross Westgate takes you through the European market close where stocks have closed flat.
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.
Peter Attard Montalto, emerging market economist at Nomura International, tells CNBC that Slovenia's fiscal situation is quite different to Cyprus, despite the fact it may too be forced to ask for a bailout.
The solution to the crisis in Cyprus is very simple: let the troubled banks fail.
Takis Phidias, acting CEO of Laiki Bank, tells CNBC that the proposed Cypriot resolution will hand 'tremendous powers' to the national bank in an attempt to deal with the country's huge financial problems.
Simon Derrick, chief currency strategist at BNY Mellon, tells CNBC that the market's steady response to Cyprus is reminiscent of its movement as the first Greek crisis loomed large in 2010.
Italian parties reacted skeptically on Friday to center-left leader Pier Luigi Bersani's call for a government backed by all political forces, complicating efforts to end the stalemate left by last month's election.
Simon Maughan, financials sector strategist at the Olivetree Financial Group, tells CNBC that problems in the Cypriot financial system are not new and that the only way to deal with the multi-year political stand-off between the EU and Cyprus is to "bust the banks".
Jonathan Tepper, founder and chief editor of Variant Perception, says he remains bullish on Europe despite the press conference in Moscow not being "terribly insightful" and describing the Cyprus crisis as "a game of bluff".
CNBC's Karen Tso reports European markets are trading lower on Friday, as talks collapse between Russia and Cyprus.
CNBC's Steve Sedgwick grilled the president of the EU commission, José Manuel Barroso and the Russian prime minister, Dmitry Medvedev, on the relationship between Europe and Russia at a press conference in Moscow.
How do you make money in these markets? Here is what some of the experts on CNBC have been telling us this morning.
Antonio Garcia Pascual, chief southern european economist at Barclays says the German economy will perform fairly well throughout the year on the back of strong U.S. data, and that we should start seeing the improvement in next month's PMI and industrial production.
Slovenia, which is struggling to avoid a bailout, must issue a bond by June 6 to meet its financial obligations, the former Prime Minister said.
A leading conservative ally of Angela Merkel said that Cyprus was "playing with fire" and needed to come up with a workable proposal urgently.
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Bruce Jenkyn-Jones, head of listed equities at Impax Asset Management, says geopolitical events have shown the need for energy diversification. He selects his top "green" picks.
Jon Fredrik Baksaas, CEO of Telenor, discusses the group's exposure to Ukraine and Russia and says that "economic parameters tend to shift" back into positive mood after big negative events.
European shares closed higher on Wednesday amid corporate earnings news and ongoing turmoil in Gaza and Ukraine.