It’s been upgraded to a Brazilian wax, apparently.

Sido writes:

“You recall the Cyprus haircut on bank deposits over €100,000. Reading between the lines, there was some small print, a lot of people missed at the time. The actual haircut was 37.5% with a further 22.5% of deposits “reserved as a buffer”. Seemingly, the Trioka and the Cyprus Finance Ministry appear to be converging on a figure of 47.5%. Zero Hedge, predicts the figure to rise to 60% at the end of the year, as the train hits the buffers.”

Ouch.