Occupy Underground

now looks to be offshore gas bonds instead on bank shares.

Also :


9.09am GMT
Update: Cyprus rethinks raid on savers

Vladimir Putin's attack on the Cypriot savers' tax (see 8.56am) comes hours before the Cyprus parliament was due to vote on the bailout measures.

But the news this morning that the levy could still be renegotiated to limit the impact on smaller savers has brought some calm.

To recap: the latest proposal would (apparently) see savers with less than €100,000 in the bank lose 3% of their deposits (down from 6.75% originally).

Those with between €100,000 and €500,000 would lose 10%, as before.

But if you've got more than €500,000 in the bank, the Cyprus government would take 15%.

The WSJ, which broke the news this morning, says this would still raise almost €6bn, as originally demanded by eurozone.

http://www.guardian.co.uk/business/2013/mar/18/eurozone-crisis-cyprus-bailout-savers-markets