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The following email has been sent to you by: paul.ramer@gmail.com
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Mar 20 08:00
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A Cypriot game of chicken
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After that resounding no vote, what’s in the stars for Cyprus today?

Martina Stevis and Michalis Persianis write in the WSJ that there are short term ideas — basically, Cypriot and European officials are discussing capital controls for when banks are due to open next Tuesday.

Meanwhile the IMF is coming up with a plan to merge Cyprus’ two biggest banks into a ‘bad bank’, a source told the pair. The IMF wouldn’t be drawn on that.

Where does the ECB stand in all this? Read more

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The full article can be found at: http://ftalphaville.ft.com/2013/03/20/1431042/a-cypriot-game-of-chicken/
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