EU Jan Construction Output w.d.a (YoY): -7.3%; -1.4% (MoM)

This morning´s institutional research again has a Cypriot focus, as analysts consider the evolving debacle and the many different potential outcomes. A consensus view looks to be forming that the initial decision was at best "misguided" and now a policy u-turn may be in the making, which would protect smaller depositors and preserve the sanctity of the Eurozone wide deposit protection scheme, which has been so critically undermined.