Cyrpus financial crisis: No clear plan as EU nation scrambles to avoid financial meltdown

Cyrpus financial crisis: No clear plan as EU nation scrambles to avoid financial meltdown

Cyprus has ordered all its banks remain closed until next week as ministers continue emergency talks with the European Union to avoid financial meltdown. The country's parliament earlier rejected a plan to seize a portion of bank deposits from anyone with a bank account, but no clear alternative plan has yet emerged.