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Coming hours 'to decide Cyprus' fate - government

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thenews  

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

"Any solution involves pain," Christos Stylianides said in the capital Nicosia, without giving details.

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.

Without it, the cash supply to the euro member's struggling banks may be cut.

German Chancellor Angela Merkel has warned that Cyprus' Eurozone partners are running out of patience with its efforts to secure the bailout.

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