I’ve heard between 25 - 40 percent. There’s also a rumor that the Cypriot Parliament might not vote on it since it’s a “restructuring” and not a tax.
“I’ve heard between 25 - 40 percent.”
If that’s the case, I expect there will be many companies that can’t meet their payrolls or pay vendors. Then what? I haven’t heard whether bondholders will be getting a haircut.