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REPORT: Cyprus Delays Controversial Bailout Vote Until Tuesday

REPORT: Cyprus Delays Controversial Bailout Vote Until Tuesday

Matthew Boesler

According to a report from Cyprus Broadcasting Corporation, the Cyprus vote on a bank bailout package that includes controversial haircuts for depositors is already being pushed back to Tuesday.

Via Open Europe:

RANsquawk: CYBC reports that Cyprus may postpone parliament vote, Cyprus banks may remain shut tomorrow
— Open Europe (@OpenEurope) March 18, 2013

And Reuters' Jamie McGeever confirms:

Cyprus parliament vote on bank deposit levy will take place on Tuesday - EU official
— Jamie McGeever (@ReutersJamie) March 18, 2013

Not off to a good start this week.

Morgan Stanley's latest note discusses how the process should be frought with implementation issues. Read their take here >

REPORT: Cyprus Delays Controversial Bailout Vote Until Tuesday

Matthew Boesler

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