The Cypriot government is yet to meet to legalise the theft of peoples' savings but as predicted, banks have been told to remain closed at least until Thursday.
The Russians are less than pleased about the confiscation which is quite openly intended to hit Russian investors more than Cypriots. The Cypriots are even more unhappy and have taken to the streets to protest, directing their anger at both the Cypriot government and the Germans.
Meanwhile, the British government has confirmed that it is going to compensate military personnel and civil servants working in Cyprus who are affected by the (currently illegal) savings tax. As if the EU doesn't cost us enough already.