The eurogroup and Cypriot representatives are meeting today in Brussels to find a solution to the small island nation’s continued economic woes. Today’s meeting will determine whether the Cypriots will agree to tax levy advocated by Germany and Finland or – in case Cyprus continues to reject the proposal – the parties will find a harmonious way for the country to exit the 17-member eurozone.

All other scenarios are improbable and the Monday deadline set by the eurogroup is unlikely to be extended. Euro ministers, including Finland’s finance minister Alexander Stubb, have indicated that an agreement will eventually be hammered out.

Meanwhile, Cypriots have formed long lines at cash machines to withdraw their funds, anticipating a negative outcome from the talks. The tiny island nation is crippled in fear and people are already preparing for the worst by marauding local supermarkets for essential foodstuff.