Cyprus told it can amend bailout, as key vote postponed

Name: Cyprus told it can amend bailout, as key vote postponed
Uploaded: 2013-03-18T13:57:55.000Z
Duration: 2 min 34 s
Description: Cyprus can amend the terms of a bailout deal that has sparked huge public anger and led to heavy cash withdrawals, German and European bank officials have said.

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Cyprus can amend the terms of a bailout deal that has sparked huge public anger and led to heavy cash withdrawals, German and European bank officials have said.

President Nicos Anastasiades has been meeting MPs to discuss the terms, with a crucial debate and vote in parliament postponed until Tuesday.

Cyprus banks are closed and will remain closed until Thursday amid the crisis.

The 10bn-euro ($13bn; £8.6bn) bailout agreed with the EU and IMF demands that all bank customers pay a one-off levy.

Gavin Hewitt reports.

Europe

18 March 2013