No sooner had one messenger left, another came in with even worse tidings.
"Cyprus Crash Fear As Bailout Cost Jumps 31%"
"The Cypriot government has confirmed that the cost of its EU-IMF bailout has jumped by 31%, putting the already teetering economy in danger of collapse."
From Sky News:
http://news.sky.com/story/1076883/cyprus-crash-fear-as-bailout-cost-jumps-31-percent
"The announcement means southern Cyprus will now have to find 6bn euros (£5.1bn) more than the 7bn euros the Nicosia government needed to raise in order to secure the EU-IMF bailout of 10bn euros (£8.5bn)."
Looks like a total confiscation, then.
