World | Cyprus Cyprus OKs Bailout Fund, Still $4B Short Parliament passes last-minute measures By Neal Colgrass Posted Mar 22, 2013 4:37 PM CDT Copied Supporters of the far-right party Golden Dawn hold up flares and a sign that reads in Greek ''No to the anti-Greek policy of Germany'' during a protest in Athens on Friday, March 22, 2013. (AP Photo/Thanassis Stavrakis) Facing a Monday deadline, lawmakers in Cyprus approved two crisis maneuvers to quell its banking crisis and renew confidence across the eurozone, the BBC reports. The moves: passing a "national solidarity fund," and approving capital controls to protect the island's banks from a catastrophic run. This should raise about $5.8 billion of the $10 billion needed to qualify for a bailout. But parliament still hasn't decided whether to place a levy on big bank deposits. If MPs find no solution by Monday, the European Central Bank warns it will no longer transfer money to the nation's struggling banks. Read These Next The Treasury isn't backing down from its Trump coin plan. Mike Johnson is taking heat over a Democrat's delayed swearing-in. Feds cite ChatGPT evidence in arrest of Palisades Fire suspect. After 5 months, the 10th jail escapee has been caught. Report an error