The government of Cyprus has until Monday to figure out how raise 6 billion euros worth of emergency funds or the European Central Bank will pull the plug on their end of the bailout deal. And the one and only backup plan is in the hands of the one country you probably don't want to be in hock to: Russia.
Global markets are on edge today after it was learned over the weekend that Cyprus would be getting a bank bailout from the European Central Bank, along with a very controversial provision that could hurt every citizen in the country.
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From Wall Street to Brussels, the people with a stake in Greece's financial future are making plans for its exit from the Eurozone.
In the last few weeks, market analysts have ratcheted up fears about a run on Greek banks. Now, some experts say those fears are beginning to materialize.
The latest signal of how the situation in the eurozone's gone from bad to worse: Britain is writing up evacuation plans for expats in Spain and Portugal in case the European currency goes kaput.
As European leaders descend on Brussels today to save the euro, British Prime Minister David Cameron is threatening to veto any treaty that doesn't cater to Britain's national interests.
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