Mar. 25 - If Cyprus reopens its banks on Tuesday customers are likely to be in for a shock when they check their accounts. Technical difficulties may make it hard for them to withdraw their savings just yet.
There's Soledad the Tuesday's key political and financial events. Banks in Cyprus expects to reopen off to more than a week welcome news for some perhaps. But not for those -- more than 100000 euros in deposits will find less money. In their accounts like -- bank will not reopen. All its insured deposits will be transferred to the bank of Cyprus to virus -- of Donald capital markets explains what's likely to happen next. Uninsured deposits would be I would remain frozen. Until the recapitalization for also systems all of this just means that. A lot of deposits a lot of wealth in the -- economy will remain frozen for quite some time. And of course that this would have a massive impact on the economy enhanced also am of course on the power amid the -- the U and IMF bailout program. Events in Cyprus and overshadowed Italy's political deadlock but -- among -- -- -- government party leaders will gather in room to -- cammarata coalition deal. Some members of pier Luigi -- on -- centrist Pontiac calling for coalition with our rival Silvia Berlusconi. In order to avoid a snap election talks fail. Heads of states from the bricks nations meet in Durban South Africa they'll discuss measures to a bonds trade investment and political cooperation. Between the emerging global powers they're also expected to give the go ahead for jointly -- infrastructure bank. Analysts say the measure could bring tangible benefits. It will fundamentally change. The ability to fund. Important infrastructure and other development projects one in order the -- economies capitalist economies in Africa. While emerging markets forge ahead here in Europe more evidence of troubling times French consumer confidence like -- took another -- in March. Unemployment is at a fifteen year high and is weighing heavily on the wrong. I'm not a lot of confidence is likely to be reflected in your results from Europe's biggest home improvement retailer kingfisher. It's expected to post an 11% drop and -- a profit back to Brian on helpful web weak economies and an even weaker pound. That's a look at the choose to remember to catch up on the latest developments voices today eight GMT every weekday. I'm -- for -- this is horses.