Cyprus crisis: Theo Paphitis on banking crisis

The coming hours will decide Cyprus' fate as it struggles to meet the terms of an international bailout.

Parliament will debate plans to raise the 5.8bn euros (£4.9bn; $7.5bn) needed to qualify for the 10bn-euro bailout, having rejected an earlier deal.

Cypriot-born entrepreneur Theo Paphitis, who is the chairman of Ryman and a former star of Dragon's Den spoke to BBC News.