BREAKING NEWS: Protests in Cyprus

Hundreds of demonstrators clash with police in Cyprus

Via RT

Hundreds of demonstrators who gathered outside the state parliament in Cyprus have clashed with police after trying to break into the building, RIA Novosti news agency reports. The demonstrators were protesting against the deposit levy tax as a condition of EU bailout, though Thursday afternoon Cypriot authorities said they had abandoned the idea. Cypriot authorities are negotiating with the EU and Russia in search of external financial support, otherwise Cyprus faces the threat of a default.

Cyprus "Capital Control / Solidarity Fund" Plan 'C' Vote Tomorrow After Rumor Russia Rejects All Proposals

Zero Hedge,

21 March, 2013

Rumors and news continue to play but some slight weakness after-hours (Treasuries at session highs) suggest fears might have legs. While the Cypriot government submits its bank restructuring (good-bank / bad-bank and capital controls) and Solidarity Fund (CCOs), there will be no vote until tomorrow morning Europe time.

• *CYPRUS SUBMITS LAWS ON CAPITAL CONTROLS, SOLIDARITY FUND

• *CYPRUS SUBMITS LAW ON BANKING REFORMS, SPEAKER SAYS

• *CYPRUS PARLIAMENT TO DISCUSS NEW LAWS TOMORROW, CYBC SAYS

All of this after rumors of a 'rejection of all Cyprus government proposals' by Russia was the talk on desks and that more than a few Cyprus MPs believe the bank bill is too strict and needs more discussion. The ECB/ELA deadline looms with the path/hurdles now "Cyprus discussion" - "Cyprus vote" - "Troika analysis" - "ECB / EU Agreement" - and theoretically find a (non-Russian) funder for the CCO - before Tuesday's European open. Stay long Brussels and Nicosia caterers.

Protesters in Cyprus clash with police after ECB ultimatum

Protesters clash with police in Cyprus on Thursday as the country faces possible bankruptcy. The EU has informed Cyprus it has until Monday to raise €5.8bn (£4.9bn) in order to partially fund its own bailout, otherwise the European Central Bank (ECB) will cease its emergency funding. Many Cypriots are frightened by the prospect of bankruptcy, and have made their feelings heard throughout the day