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This is the question which is now holding global financial markets on the edge – could it really happen and what would it mean, we assess the possible scenarios below.Could the Cypriot parliament vote against the levy? According to Reuters, Cypriot go…

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Analysts – led by Anglo-Saxon ones – have lined up to say that, following the deposit levy as part of the Cypriot bailout, a bank run on the rest of the Mediterranean is now a near certainty. New York Times columnist Paul Krugman went the furthest, arg…

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Update 12:00 18/03/13:Russian Finance Minister Anton Siluanov has had some interesting things to say on the deposit levy (via Reuters): “We had an agreement with colleagues from the euro zone that we’ll coordinate our actions.” “It turns out that the e…

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Over on his Telegraph blog, Mats Persson argues that, There are two ways to look at the hugely controversial bailout agreed for Cyprus in the early hours of Saturday morning, in which the small island nation – accounting for only 0.2 per cent of eur…

Posted by Open Europe blog team