Cyprus hopes to push through sovereign fund today

Cyprus government lawyers are drawing up the detail of the sovereign fund before ministers meet again.

The hope is to get it through parliament as quickly as today.

Read: Full statement on government agreeing to a solidarity fund.

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UK customers escape bank levy

Around 15,000 savers in the UK arm of stricken Cypriot bank Laiki will see their deposits protected under British rules and will escape the Cyprus banking levy.