Cyprus only has cash for two more weeks

Cyprus' new finance minister Harris Georgiades has told parliament that the Cypriot government only has cash for two more weeks, and won't be able to pay wages and pensions without the bailout deal according to reports from Greek station Skai TV.

Meanwhile shares in Greek banks have been plummeting:

Piraeus -22.5 per cent
Alpha Bank -20 per cent
NBG -30 per cent
Eurobank -30 per cent