Europe Bailout #5 Is In The Books

Tyler Durden's picture

After Greece, Ireland, Portugal, and Spain, we just got domino #5. They are falling real fast now:

  • CYPRUS LIKELY TO HAVE TO SUPPORT ONE OF ITS BANKS, SHIARLY SAYS
  • CYPRUS GOVERNMENT IN CLOSE CONTACT WITH EU ON BANKS: SHIARLY
  • CYPRUS'S BANKING SYSTEM AT CRITICAL TURN, SHIARLY SAYS
  • CYPRUS PREFERS PRIVATE SOLUTION TO EU BAILOUT FOR BANKS:SHIARLY

And now just the fulcrum domino is left. The boot-shaped one.

Cyprus bond yields are now back at record highs...