Despite hopes that Greece and its lenders will come to some agreement in May, not everyone is convinced a deal can resolve its looming debt problem.» Read More
Anthony Scaramucci, managing partner at Skybridge Capital, tells CNBC that like when Lehman Brothers was allowed to fail, allowing Cyprus to fail will have unintended consequences.
Efi Xzanthou, a member of Cyprus's Green Party and Parliamentary Finance Committee, tells CNBC that as soon as they open there will be a run on the banks as no depositor will feel safe.
Stephane Deo, global head of asset allocation at UBS, tells CNBC that taxing small savers in Cyprus is the wrong thing to do, and taxing big depositors is a better solution.
The Cypriot parliament will today vote on the highly controversial levy on bank deposits, CNBC has been speaking to a number of market experts who all warn that the tax sets a dangerous precedent.
Steve Keen, professor of economics at the University of Western Sydney, argues that if you destroy the trust depositors have in their bank accounts then you destroy the oil of capitalism.
Former Italian Prime Minister Silvio Berlusconi promised a wave of protests if a center-left candidate was elected to succeed President Giorgio Napolitano.
Ashraf Laidi, chief global strategist at City Index, tells CNBC that investors, who want to play the Euro without the periphery, should play the Swiss Franc.
Ralph Silva, Research Director at SRN Research says the Cyprus deposit levy was unexpected and now there are too many unknowns.
Richard Martin, Managing Director at IMA Asia says the Cyprus controversy does not have an immediate impact on the real economy.
Plans to tax Cypriot bank deposits as part of a bailout could push Russia, which accounts for about 30 billion euros in deposits in the island, to play "hardball" over renegotiating terms of a loan granted to Cyprus in 2011, says an expert.
Almost 40 percent of deposits in Cypriot banks belong to foreigners, with CNBC's Robert Frank; and Ken Rijock, financial crime consultant; Mark Hannah, Former Kerry & Obama Campaign Aide; and Chip Saltsman, Former Huckabee Campaign Manager, discuss.
Will the Cyprus crisis silence the bulls? Bob Doll, Nuveen Asset Management; Joe Lavorgna, Deutsche Bank; and Larry McDonald, Newedge, share their opinions.
John Calverley, Head of Macroeconomics at Standard Chartered, says the levy on bank deposits in Cyprus is unlikely to destabilize the euro zone but has added "another vulnerability."
CNBC's Michelle Caruso-Cabrera reports for the first time ever in the European crisis, portions of bank accounts will be seized in order to pay for a bailout; and Charles Dallara, Americas of Partners Group weighs in.
Mujtaba Rahman, Senior European Analyst at Eurasia, talks about the root of the Cyprus' crisis and its potential impact on its ties with Moscow.
The Cyprus bailout chaos was came from a bad idea, Dennis Gartman says.
CNBC's Julia Boorstin reports Electronic Arts CEO is stepping down; and dissecting today's trading session and the Cyprus threat, with the "Fast Money" traders and Paul Donovan, UBS.
Europe's debt crisis is taking a decidedly ugly turn in Cyprus as depositors are trying to avoid a surprise tax on their savings accounts, with CNBC's Robert Frank.
Most of the banks are lower today. So will Cyprus end the rally in the financials? Paul Miller, FBR Capital Markets, weighs in.
Treasury Secretary Lew has been speaking with European counterparts, reports CNBC's Eamon Javers.
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