20 March 2013 Last updated at 16:58 ET
The president of Cyprus will on Thursday present political leaders with a "Plan B" for funding the country's controversial bailout, state TV says.
Earlier it was announced that banks, which have been shut all week to prevent mass withdrawals, would stay closed until Tuesday.
Politicians have been scrambling to find a way forward after a bank levy was rejected by parliament on Tuesday.
The levy was a condition of a multi-billion euro EU-IMF bailout for Cyprus.
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