Cypriot banks and some sneaky emergency loans (FT Alphaville)

cyprus-ela-bank

The information I revealed on boilingfrogs.info has just been mentioned by the Financial Times:

We finally have some solid evidence to back up our guess work. The central bank of Cyprus’ latest balance sheet release includes €3.8bn marked as “other claims on euro area credit institutions denominated in euro” (a big h/t to Stanislas Jourdan at Boiling Frogs).