The Greek Cypriot Parliament earlier today, postponed an emergency session to discuss the levy on bank deposits imposed as part of the EU led bailout fund of 10 billion Euro.
All meetings were postponed until Monday. Earlier, Greek Cypriot President, Nicos Anastasiades postponed an informal meeting of lawmakers slated for Sunday morning.
Several parties in the 56-member chamber, where no party has an absolute majority, were meeting on Sunday morning to formulate positions over the bank levy. Three parties have already said they will not back the plan.