Cyprus parliament reschedules emergency session

Cyprus's parliament has postponed an emergency session on a controversial bailout deal for the country's banks.

The debate was to happen on Sunday but will now be held on Monday, state media said.

The deal reached with the EU and IMF on Friday has provoked public anger because it would impose a levy on bank deposits of up to 10%.

The president has said that refusing the bailout would lead to the collapse of the country's banks.

Reports say worried investors have been queuing outside banks to withdraw their savings from cash machines.

BBC NEWS