This will be equal to an uncontrolled nuclear explosion as stated by political scientist Haridimos Tsoukas. According to economist Antigone Lyberaki, the government of Cyprus is trying to use people with smaller deposits as a shield against the cuts of large deposits.

The additional recapitalization needs that are coming with the transfer of the assets and liabilities of the Cyprus branches to the Greek financial system will increase to 1.5 billion euro from the originally planned 1.1 billion euro.

The pathos and desire for rebellion in Bulgaria was largely influenced by the civic activity of the Greeks as stated by political analyst Parvan Simeonov for GRReporter. He comments on the developments in the country and the opportunities for development in the coming months.

Some say that the football player should be punished very severely, while others are more self-critical and believe that his action is caused by ignorance and poor culture.

The value of shares of all banks is zero and the peanuts, against which they are being traded on the stock exchange, are the hope of future profits rather than a present assessment as stated by financial expert Kostis Lympouridis in his analyses of the problem "banks vs economic crisis - who pays the bill..."

With a small transistor and a battery taped to his body, Albanian recidivist Alket Rizaj was able to deceive the Greek police for nearly 24 hours that he had half a kilo of C4 type explosive attached to his body.

Finance Minister Michael Sarris announced that he has obtained permission from Commissioner Olli Rehn to reduce the rate of cut of bank deposits to 100 thousand euro. An emergency meeting of finance ministers of the member states of the Euro zone will take place in the afternoon.