Eurozone crisis live: Cyprus crisis deepens as MPs reject bailout terms

Cypriot president Nicos Anastasiades is struggling to get support for the country's bailout deal. Photograph: Filip Singer

Good morning. The Cyprus bailout remains in the balance today as the government struggles to find support for its controversial bank deposit levy.
After Monday's cancellation, MPs are scheduled to vote on the package this afternoon - at 4pm GMT. But it isn't clear that president Nicos Anastasiades has enough support to get the deal passed.
The government's official spokesman, Christos Stylianides, has already warned this morning that the levy could be rejected.
Speaking on state radio early this morning, Stylianides said:

It looks like it won't pass.

Should the measure be defeated, then Cyprus would be plunged into an even deeper crisis - as the bailout deal agreed over the weekend would be effectively sunk.
As we reported in the blog last night, eurogroup ministers insisted that Cypriot savers should still yield €5.8bn towards the bailout, but that the Cypriot authorities will introduce "more progressivity in the one-off levy".
That fuelled hopes last night that deposit holders under €100,000 could be spared -- but there is no word from Cyprus, yet, on what it will do.
According to Reuters, Stylianides could hold talks with the German chancellor, Angela Merkel, and with Russian president Vladimir Putin today.
Meanwhile, Cyprus's banks remain shut until Thursday, and we're expecting fresh protests outside the presidential palace today.
We'll be following all the action through the day.