Banking

Cyprus ATMs Empty as Parliament Postpones Debate on Bank Bailout

Cypriots want their money before the government steals it or the banks collapse

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

The debate and a presidential address were to happen on Sunday but will now take place 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.

Worried investors have been queuing outside banks to withdraw their savings from cash machines.