Cypriot leaders are to decide today on a newly drawn up plan aimed at securing a bailout for the near-bankrupt Eurozone member, after parliament rejected a controversial tax on savings.
President Nicos Anastasiades is to present a Plan B package to party leaders at the presidential palace.
The proposals, which could still include the controversial bank levy in some form, were put forward at a cabinet meeting aimed at ending a crisis that’s forced the Mediterranean island’s banks to close for 10 straight days.
The measures were hastily drawn up after the country’s Finance Minister failed to make progress in talks to secure aid from Russia.
Cypriot banks will remain closed again today and Friday.
David Charter is with the Times in Nicosia – he says people are beginning to worry:
