Bailout

Strict controls on the level of withdrawals have prevented a bank run in Cyprus. But the restrictions are raising fresh doubts about the future of the euro.

Banks in Cyprus have just re-opened for the first time in two weeks. Although there are tough restrictions on just how much cash customers can withdraw and what they can do with that money once they have it.

Julia Coronado, chief economist with the investment bank BNP Paribas, joins Marketplace Morning Report host Jeremy Hobson to explain how Cyprus is guarding itself against a bank run.

Fears of capital flight keep banks closed in Cyprus until Thursday. How are local businesses and individuals reacting to the shutdown?

Richard DeKaser, economist with Wells Fargo, discusses the impact of Cyprus' bailout on the U.S. economy.

Eurozone finance ministers reached a last minute deal to grant Cyprus a $13 billion bailout early this morning. Those with large deposits in Cypriot banks could be hit will a tax of 30 percent in order to help fund the bailout.

After more than a week of turmoil, eurozone finance ministers reached a last minute deal to grant Cyprus a $13 billion bailout.

Diane Swonk, chief economist with Mesirow Financial, discusses how the situation in Cyprus could affect the global economy.

Cyprus has until Monday to come up with a new bailout package after the parliament rejected the initial plan that called for a controversial tax on the country’s bank deposits.