Many thanks Rich for the excellent synopsis of 9 major bank analysts and their take on the weekend developments in Cyprus.
They are definitely not of a uniform view, but overall the sense is that this will not lead to a bout of major contagion across all markets. Cypriot banks are seen as a special case and the liklihood of these actions leading to runs on banks in Spain, Portugal and Ireland is seen as quite low.
They expect the EUR to remain under pressure for the early part of the week until bond markets settle down.