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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.

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President: Cyprus is 'undertaking great efforts'

Cyprus' President Nicos Anastasiades has written on Twitter, "We are undertaking great efforts. I hope we have a solution soon".

A Cypriot euro coin next to coins from fellow bailout countries Portugal, Ireland and Greece. Credit: Oliver Berg/DPA/Press Association Images

Mr Anastasiades is due to lead a delegation to Brussels on Sunday to meet heads of the EU, the European Central Bank and International Monetary Fund, known collectively as the Troika.

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