Cyprus crisis: Theo Paphitis on banking crisis
22 March 2013 Last updated at 18:30 GMT
The coming hours will decide Cyprus' fate as it struggles to meet the terms of an international bailout.
Parliament will debate plans to raise the 5.8bn euros (£4.9bn; $7.5bn) needed to qualify for the 10bn-euro bailout, having rejected an earlier deal.
Cypriot-born entrepreneur Theo Paphitis, who is the chairman of Ryman and a former star of Dragon's Den spoke to BBC News.