BBC: Cypriot officials have said the country's banks, which were closed to prevent mass withdrawals, will remain shut until at least Tuesday.
On Wednesday afternoon the cabinet began an emergency meeting to discuss alternatives to an EU-IMF bailout deal rejected by parliament on Tuesday.
Germany says banks in Cyprus may never reopen if a bailout is not agreed.
Meanwhile, Cyprus' finance minister is in Moscow to seek help from Russia, which has large investments in Cyprus.
Finance Minister Michalis Sarris said after talks with Russian Finance Minister Anton Siluanov: "There were no offers, nothing concrete," but he added, "we're happy with a good beginning."
Talks are expected to continue in Moscow on Thursday.
Reports say the government is considering imposing capital controls to prevent funds leaving Cyprus when banks are reopened.
Monday 25 March is a scheduled bank holiday, and Thursday and Friday have also been declared bank holidays. The stock exchange also remains closed. » | Wednesday, March 20, 2013
