Cyprus's parliament will today decide on whether to impose a bank account levy but the vote is "too close to call", according to an analyst.
If approved, the levy, which will impose a one-off charge of 6.7 per cent on all deposits under €100,000 and 9.9 per cent over that amount, will be implemented on Tuesday.
Three parties in the 56-member chamber, where no party has an absolute majority, have already declared that they will not back the plan.
JPMorgan analyst Alex White said: "The government can be reasonably confident of only around 26-28 votes at the most, while the opposition may be confident of around 26. Our best estimates of a potential vote have it too close to call at this stage."
Cyprus' rescue deal has sent shivers through southern Europe after a key eurozone figure said it would be a model for future bailouts.
The future is uncertain for the people who must live with the consequences of Cyprus' "painful" bailout deal.
The Dutch Finance Minister has said the bank levy 'bail-in' on large depositors "pushes back the risks" from the rest of the eurozone.