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Cyprus crisis talks end, to resume Thursday
March 20, 2013 / 9:43 PM / 5 years ago

Cyprus crisis talks end, to resume Thursday

NICOSIA, March 20 (Reuters) - Cypriot leaders adjourned crisis economic talks for the night and President Nicos Anastasiades was to meet party leaders on Thursday to discuss a “Plan B” to avoid a financial meltdown after the island rejected the terms of an EU bailout.

The next meeting was set for 9:30 a.m. (0730 GMT).

Talks between Anastasiades and a number of senior political figures ended without any statements to the media.

The government has extended a bank lockdown until next week.

Officials involved in the talks said leaders were considering a plan to nationalise pension funds and issue an emergency bond based on future gas revenues, trying to raise 5.8 billion euros ($7.5 billion) as a condition for securing a 10-billion euro bailout from the European Union.

They also spoke of reviving a rejected plan for a levy on bank deposits, though at a lower level than first proposed.

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