Troika tells Cyprus they need to find another €900m

MNI reports that the Troika has said that in the face of worsening conditions Cyprus has to stump up more cash. They’re now demanding €6.7bn as opposed to €5.8bn. That’s a huge increase given the size of Cyprus’ economy.

Finance minister Michalis Sarris has said a deposit levy is definitely back on the table. We’re back to Plan A.

Troika going scorched earth on Cyprus.

— zerohedge (@zerohedge) March 22, 2013