Bank of Cyprus savers with more than 100,000 euros now face 60 PER CENT losses as officials scramble to prevent collapse

Bank insider and government technocrat anonymously reveal latest plan

Deposits over 100,000 euros will lose 37.5% of their value

Savers then stand to lose a further 22.5% depending on an assessment

Cypriot banks refusing to release UK pension payments to expat Britons

President of Cyprus says there is 'no intention' of leaving the eurozone

etermine the exact figure aimed at restoring the troubled bank back to health.

A man withdraws money from an ATM of a Bank of Cyprus branch today. A bank insider revealed savers with more than 100,000 euros could be hit for more than 60 per cent of their deposits

Cyprus crisis: Deposits over 100,000 euros will lose 37.5 percent of their value after being converted into bank shares and savers could then lose up to 22.5 per cent more, according to two anonymous insiders

Cyprus agreed Monday to make depositors contribute to a financial rescue in order to secure 10 billion euros ($12.9 billion) in loans from the eurozone and the IMF.

On Wednesday night, five shipping containers filled with billions of Euros are reported to have been flown to Cyprus from Frankfurt and delivered to the island’s central bank to ensure money did not run out.
A helicopter and police cars guarded the armoured cash convoy, thought to have been sent by the European Central Bank, on its way from the airport.
Strict new rules have been imposed to stop a run on Cyprus banks which yesterday opened for the first time since the island’s economic meltdown started nearly a fortnight ago.

Banks in Cyprus opened for normal business for a second day but with strict restrictions on how much money people could withdraw while the International Monetary Fund said Slovenia's banks 'are under severe distress'

Airports are now searching passengers and stopping anyone trying to leave the country with more than 1000 euros (£845) and daily cash machine withdrawals are limited to 300 euros (£250).
Cyprus was yesterday still reeling from its bailout plans with British expat pensioners struggling to pay for food and bills as banks refuse to release their UK pension payments.

Former NHS nurse Diane Ameur-Zaimeche, 71, said of her £400-a-month pension: ‘I’ve been told all money being sent to Cyprus is being sat on by the government’s Central Bank.’
President Nicos Anastasiades said yesterday risk of bankruptcy had been contained and Cyprus had no intention of leaving the euro.

Analysts are increasingly sceptical Slovenia will be able to raise £2.5billion to keep running in the wake of Cyprus's £8.5billion bailout

Slovenia’s recently elected prime minister Alenka Bratusek insisted her country should not be compared to Cyprus. ‘Our banking system is stable and safe,’ she said.

But the IMF said: ‘The new government should promptly address bank restructuring, corporate sector debt overhang and governance and involvement of the state in the economy.’
Economists polled by Reuters said Slovenia and Spain were now the two eurozone nations most likely to need a bailout.