"There is no time to lose. The Greeks have to be a little more consistent in what they want from the lenders too," a source close to Brussels told GRReporter in connection with the failure of the talks to rescue Cyprus.

Renowned economic analyst Kostas Stoupas shared this opinion for GRReporter, political science professor Eleftherios Drakopoulos claims that Greece will leave the euro zone in case of a referendum or elections.

Over 17,000 transactions from 230 ATMs were made, for which there was a 50,000-euro ceiling on withdrawals per account.

With 36 votes against and 19 abstentions, the Parliament of Cyprus has rejected the bailout from Europe and the International Monetary Fund, which the country would have received if it had cut the bank deposits.

According to the publications, it will have a centre-left orientation and will support SYRIZA and Alexis Tsipras. Meanwhile, the prosecutor's office is investigating the financial management of the Olympic Games in Athens in 2004.

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.