A woman shouts at policemen during a protest outside the parliament in Nicosia
Media playback is unsupported on your device

Cyprus MPs pass banks restructure to ease crisis

MPs in Cyprus have voted to restructure the island's banks - one of several measures to ease the crisis, which has hit confidence in the eurozone.

They have also approved a "national solidarity fund" and capital controls to prevent a bank run.

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

The country is in a race against time after the European Central Bank gave Cyprus until Monday to find the money.

Gavin Hewitt reports.

  • 22 Mar 2013
  • From the section Europe
Go to next video: Cyprus economy 'on the brink'