Politicians in Cyprus will vote today on a "Plan B" bailout deal with the European Union and International Monetary Fund.

They have until Monday to approve the deal, after the European Central Bank threatened to pull the plug on emergency funding for the island's lenders.

Last night, MPs adjourned an emergency session without voting on the first two bills in a package of draft legislation the government has drawn up as part of its revised plan.

They said they needed more time to study the plans to set up a "national solidarity fund" and impose capital controls to prevent a run on the banks when they reopen on Tuesday after more than a week.

Sky's is in Nicosia and says proposals to restructure banks are worrying opposition political parties: