Cyprus-Forum.com

[Maximus]

Bloomberg Athens @BloombergAthens

Cyprus govt spokesman says political parties put together technical teams who will meet at Cyprus Central Bank to discuss Cyprus ‘Plan B’

some possible scenarios which have circulated between some of the affluent people I know.

bonds will be sold so voluntary investment annd contribution to the the bail-in in possible. the bonds will be tied to the future gas revenues.
provident funds will be raided, looking to do this as a loan where the money will be returned plus interest.
the church will hand over its/some of it's assets to assist in the bailout.

In short, it can potentially come together in the 11th hour.

[Demonax]

In short, it can potentially come together in the 11th hour.

I think the only realistic solution is to raise the full 5.8-billion share by imposing much higher losses on uninsured depositors and bondholders. Say 17 per cent on deposits above 100k.

Worries that the move could destroy the nation's reputation as an offshore haven are irrelevant now. The damage is already done. Foreign depositors will start withdrawing their money as soon as the banks reopen. If the government doesn't do this now, the money will be gone.

[Oceanside50]

i short the solution will be similar to the last one from the Eu, with a bit of sweetner. gas reserve bonds, bank shares

[supporttheunderdog]

now they will have to bring forward measures to rein in Public spending, identified by the IMF as excessive and unsustainable....

Will thy try to vote no for that?

It can still get very nasty when the unions try to kick back,