Bank customers queue at ATM in Nicosia
Media playback is unsupported on your device

Cyprus economy 'on the brink', Bank of Cyprus warns

The Cypriot economy is "on the brink" and desperately requires a liquidity lifeline from Europe, Cyprus' largest bank has warned.

"The next move may prove its salvation or destruction," said the Bank of Cyprus - itself said to require urgent funding to prevent collapse.

The European Central Bank has given Cyprus until Monday to raise the funds it needs to secure a bailout.

Gavin Hewitt reports from Nicosia.

  • 21 Mar
  • From the section Europe
Go to next video: 'Very difficult days' in Cyprus