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...