Cyprus MPs pass banks restructure to ease crisis

Help

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.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.