Cyprus chaos continues as banks stay closed

Cyprus finance minister Michalis Saris arrives to meet his Russian counterpart in Moscow. Photo:

Banks in Cyprus are to remain closed on Thursday and Friday, the government has said, amid continuing uncertainty over an EU bailout that required a 10 per cent tax on savings.

President Nicos Anastasiades will chair a meeting with the parliamentary party leaders tomorrow at 9.30am at the Presidential Palace.

ITV News Europe Editor James Mates reports:

Russian Prime Minister Dmitry Medvedev has criticised the EU and Cyprus' handling of the country's ongoing economic crisis, saying they are acting "like a bull in a china shop", the state-run news agency RIA Novosti reported.

Meanwhile, Prime Minister David Cameron has reaffirmed that any British military or government personnel in Cyprus would not lose their savings due to the crisis.