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Cyprus President Nicos Anastasiades (L) and European President Martin Schulz give statements to the media at the European Parliament in Brussels March 14, 2013. REUTERS/Eric Vidal

Cyprus parliament postpones session to discuss bank levy
Cyprus parliament postpones session to discuss bank levy
Posted : Sunday, 17 March 2013 04:40AM

NICOSIA (Reuters) - Cyprus's parliament on Sunday postponed an emergency session to discuss a levy on bank savings imposed to partially fund an international bailout needed to stave off bankruptcy.

All meetings were postponed until Monday, the Cyprus News Agency reported. Earlier, Cypriot President Nicos Anastasiades postponed an informal meeting of lawmakers called 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.

(Reporting By Michele Kambas; Editing by Sonya Hepinstall)

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