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| Coming hours 'to decide Cyprus' fate - government | Coming hours 'to decide Cyprus' fate - government |
| (35 minutes later) | |
| The coming hours will decide Cyprus' fate as it struggles to meet the terms of an international bailout, the government spokesman says. | The coming hours will decide Cyprus' fate as it struggles to meet the terms of an international bailout, the government spokesman says. |
| "Any solution involves pain," Christos Stylianides told reporters in Nicosia, without giving details. | "Any solution involves pain," Christos Stylianides told reporters in Nicosia, without giving details. |
| Parliament is debating plans to raise the 5.8bn euros (£4.9bn; $7.5bn) needed to qualify for the 10bn-euro bailout, having rejected an earlier deal. | Parliament is debating 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 the bailout, the cash supply to the euro member's banks may be cut off. | Without the bailout, the cash supply to the euro member's banks may be cut off. |
| Cypriot President Nicos Anastasiades held talks on Friday with representatives of the bailout "troika", which is made up of the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF). | Cypriot President Nicos Anastasiades held talks on Friday with representatives of the bailout "troika", which is made up of the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF). |
| The package being debated in parliament was proposed after plans to raise the money through a one-off bank deposit levy of up to 9.9% caused a storm of protest. | The package being debated in parliament was proposed after plans to raise the money through a one-off bank deposit levy of up to 9.9% caused a storm of protest. |
| The Cypriot government urged the country's MPs to "take the big decisions" to prevent a financial meltdown. | The Cypriot government urged the country's MPs to "take the big decisions" to prevent a financial meltdown. |
| "We must all assume our share of the responsibility," Mr Stylianides said in a televised statement. | |
| With no end in sight to the crisis, businesses in Cyprus have been insisting on payment in cash, rejecting card and cheque transactions. | |
| "We have pressure from our suppliers who want only cash," Demos Strouthos, manager of a restaurant in central Nicosia, told AFP news agency. | |
| 'Door open' | |
| Talks in Moscow on possible new financial aid from Russia, a key investor in Cyprus, have failed. | Talks in Moscow on possible new financial aid from Russia, a key investor in Cyprus, have failed. |
| Russia's Finance Minister Anton Siluanov, speaking after talks with his Cypriot counterpart Michael Sarris, said Russian investors were not interested in Cyprus' offshore gas reserves. | Russia's Finance Minister Anton Siluanov, speaking after talks with his Cypriot counterpart Michael Sarris, said Russian investors were not interested in Cyprus' offshore gas reserves. |
| Russia gave Cyprus an emergency loan of 2.5bn euros in 2011. Mr Siluanov said that no new Russian loan had been on the table with Mr Sarris because of limits imposed by the EU on Cypriot borrowing. | Russia gave Cyprus an emergency loan of 2.5bn euros in 2011. Mr Siluanov said that no new Russian loan had been on the table with Mr Sarris because of limits imposed by the EU on Cypriot borrowing. |
| However, Russian Prime Minister Dmitry Medvedev later said Moscow had not "closed the door" on possible future assistance. | |
| Cypriot leaders must first reach agreement with their fellow members of the EU, he added. | |
| German Chancellor Angela Merkel has warned that Cyprus' Eurozone partners are running out of patience with its efforts to secure the bailout. | |
| She made the remark at a meeting at the German parliament, participants told AFP news agency. | |
| Evidently speaking before news of President Anastasiades' new talks in Nicosia, Mrs Merkel also complained that the Cypriot government had not been in contact for days with the troika. | |
| Her Finance Minister, Wolfgang Schaeuble, has voiced scepticism about Cyprus' plans to raise billions of euros without the levy. "Cosmetic touches alone" would not be enough, he said on Thursday. |