| ECB says it will suspend liquidity provision to Cypriot banks if no bailout agreed by Monday | The European Central Bank said it would suspend the provision of emergency liquidity to Cypriot banks on Monday if Nicosia did not have a bailout plan agreed with the EU and International Monetary Fund by that date. The hardline stance from the ECB sets a clear deadline for Cyprus to agree to a plan after its parliament rejected a bailout negotiated at the weekend which would have taxed the deposits of account holders in the country's banks. In a short statement the ECB said its 23-person governing council had agreed to maintain emergency liquidity provision to Cyprus's banks until Monday. "Thereafter, Emergency Liquidity Assistance could only be considered if an EU/IMF programme is in place that would ensure the solvency of the concerned banks," it said.
http://link.ft.com/r/WDI4RR/RP6FCG/NSVWP8/EXAEBK/VT4CN7/GX/h?a1=2013&a2=3&a3=21
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