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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Cyprus president returns to face nervous nation

Cyprus president Nicos Anastasiades is on a flight back from Brussels now. He will return and (deliver a TV) address at 7:00pm local time (5:00pm GMT), during which he will lay out some more of the detail from the bailout deal.

He will try to calm the nerves of people in the country and stress that he did the best deal possible. Mr Anastasiades needs to restore confidence because people feel let down.

They feel their government was not properly prepared when it went into this in the first place. It now needs to do as much as it possibly can to safeguard people from the economic impact of everything that is going on.

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