The Crisis in Cyprus: How to Profit From the Drama, Why the 'Story' Matters, and What It Means to Gold

By Christopher Witrak  MAR 22, 2013 5:20 PM

Catch up on the eurozone quandary with our most thoughtful stories on Cyprus this week.

 


The clock is now ticking down to Monday, March 25  --  an important deadline for Cyprus, the European Union, and the markets in general. The European Central Bank has threatened to cut 10 billion euros ($13 billion) in emergency funding come Monday if Cypriot legislators fail to collect 5.8 billion euros ($7.5 billion) to pay for a bailout. Without the money, the country faces a disorderly default, and its banks, burdened with bad Greek debt, face insolvency.

No clear solution had emerged by the time US markets closed on Friday, but Averof Neophytou, deputy leader of Nicos Anastasiades's Democratic Rally, had provided vague hope, telling reporters today, "There is cautious optimism that in the next few hours we may be able to reach an agreed platform." 

The articles below will give you more perspective on the crisis and ways to prepare your portfolio for the coming events in the Mediterranean island country. Here are the best stories on Cyprus from Minyanville this week:

Cyprus: Has the Next Phase of the Global Crisis Arrived?
Source: Adrian Wyld/ The Canadian Press
3/17/2013

Cyprus: What Matters Now Is the Story Investors Choose to Believe
3/19/2013

Et Tu, Cyprus? Investors Still Fear Ripple Effects of the Mini-Crisis
3/20/2013

Cyprus: Profit From Cypromania With European Bank Stocks
3/21/2013

Cyprus Crisis Meets Capitulation in Gold Stocks: A Perfect Storm?
3/21/2013

Buzz on the Street: Cyprus Barely Makes a Dent in the Little Bull Market That Could
3/22/2013

Does the Crisis in Cyprus Put the Platinum Market at Risk?
3/22/2013

Twitter: @ChrisWitrak

No positions in stocks mentioned.