The EU says Cyprus must put forth an alternative rescue plan, reports CNBC's Michelle Caruso-Cabrera. Meanwhile, CNBC's Steve Sedgwick reports on the enormous business activities in Cyprus, and what they want out of the bailout.
CNBC's Rick Santelli talks to Yra Harris, Praxis Trading, about the EU's "bonehead" stance on Cyprus, and why he's keeping an eye on the Fed's forecast and Jeremy Stein's vote.
The Cypriot government is working on a proposal to avoid bankruptcy, reports CNBC's Michelle Caruso-Cabrera. Meanwhile, the country's finance minister is in Russia to discuss a loan extension. CNBC's Steve Sedgwick has that story.
CNBC's Michelle Caruso-Cabrera reports Cypriot leaders are in crisis talks in hopes of averting a financial meltdown. And, there is mounting speculation Russia could step in with a rescue plan, reports CNBC's Steve Sedgwick.
CNBC's Steve Sedgwick reports the latest details on the Cypriot finance minister's trip to Russia. And, CNBC's Steve Liesman and Athanasios Orphanides, former Cyprus Central Bank governor, discuss the decision of the Cypriot Parliament to reject a tax on bank deposits and take a look at key parts of the European Union's bailout terms.
Constance Hunter, International Solutions Network Consulting; and David Kelly, JPMorgan Funds, discuss the debt crisis in Cyprus and possible solutions to the nation's banking problems.
CNBC's Steve Sedgwick reports the Cypriot finance minister is in Moscow to work out a possible rescue plan to safeguard high levels of Russian deposits in Cypriot banks. And, CNBC's Michelle Caruso-Cabrera has the latest details from Cyprus, where the country's leaders are holding crisis talks in an attempt to avert a financial meltdown.
Michael Sarris, Cyprus finance minister, tells CNBC how his first meeting with his Russian counterpart was "very constructive".
Liam Halligan, chief economist at Prosperity Capital Management and Steve Sedgwick, reporter at CNBC, discuss Russian investment in Cyprus and why Russia is bound to play a bigger role in the Euro Zone's recovery.
Costas Lapavitsas, professor of economics at SOAS, tells CNBC that the crisis in Cyprus was created by the Troika policies and the Greek crisis, not the Cypriots.
Ivan Tchakarov, chief economist at Renaissance Capital, tells CNBC that the Cyprus crisis presents an opportunity for Vladimir Putin to take the moral high ground and become the 'savior of Europe'.
Russia could avenge the loss of billions of dollars in Cyprus by cutting Germany's energy supply, one analyst said.
Sources say the Cyprus Finance Minister has submitted his resignation. Discussing the crisis in Cyprus and the backlash from Russia, with Peter Kiernan, author of "Becoming China's Bitch."
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.
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.
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.
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.
Mujtaba Rahman, Senior European Analyst at Eurasia, talks about the root of the Cyprus' crisis and its potential impact on its ties with Moscow.
Liza Ermolenko, emerging markets economist at Capital Markets, tells CNBC why Cyprus' travails are unlikely to have too much of an effect on the Russian economy, although it might startle Russian investors out of the country.