In pictures: Nicosia protests
- 18 March 2013
- From the section Europe
Images from the Cypriot capital Nicosia, where demonstrators have been venting their anger about a proposed levy on savings in Cypriot banks.
Hundreds of people gathered outside the parliament building in the Cypriot capital, Nicosia, to protest against an international bailout that imposes a levy on all savers, including small savers.
The message was unequivocal - small savers should not have to pay for a crisis precipitated by deteriorating public finances and struggling banks.
Cypriot politicians including President Nicos Anastasiades (left) have negotiated the deal, but are now hurriedly meeting MPs to rethink the terms ahead of a parliamentary vote expected on Tuesday.
Many of the protesters saw the hand of key eurozone heavyweight Germany behind the deal, and the protest was dotted with placards of German Chancellor Angela Merkel. Germany insists it is up to Cyprus to decide how to finance the bailout - but the money must be raised somehow.
Cyprus's banks will now be closed until Thursday to prevent savers rushing to withdraw their deposits. But some analysts caution that the threat to small savers could destabilise banks across Europe.