As a followup to my post last night, here are updates and additional links to news on the Cyprian meltdown:
President Nicos Anastasiades has warned that "Cyprus's two largest banks will collapse" if the bailout is not ratified by parliament.
Cyprus Parliament To Delay "Rescue" Vote Due To Lack Of Support, Despite ECB Pressure For Pre-Trade Open Decision
The Cypriot cabinet has declared Tuesday a bank holiday, and this may even be stretched to Wednesday.
Cyprus Bank Holiday Extended Through Tuesday As Confusion Spreads
Should Spanish depositors be worried?
EU Passes Law Forcing Countries to Take Bailout; Is Spain the First Target?
And the inevitable comparisons of Cyprus to the US begin...
Could The "Cyprus Fiasco" Occur In The United States?
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