Cyprus parliament vote on bailout postponed

 

A crucial vote in Cyprus' parliament on a bailout that has sparked huge public anger has been delayed until Tuesday.

President Nicos Anastasiades has been meeting MPs in Nicosia and has indicated he wants the terms amended.

The 10bn-euro ($13bn; £8.6bn) bailout agreed with the EU and IMF had demanded that all bank customers pay a one-off levy and led to heavy cash withdrawals.

The president's party has 20 seats in the 56-member assembly and needs other parties' support to ratify the deal.

Asian and European stock markets fell amid uncertainty in Monday's trading.

Meanwhile, Russian President Vladimir Putin on Monday called the proposed levy "unfair, unprofessional and dangerous", his spokesman said. Russian banks and businesses have significant deposits in Cyprus.

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