The vote in Cyprus’ parliament to impose a deposit levy was supposed to take place today but it has been pushed back, likely to Monday. The change adds an element of uncertainty, which will likely hurt the euro at the open.
Party leaders from Cyprus will travel to Belgium for meetings with eurozone finance ministers on Sunday and won’t hold a vote until they return.
“We will meet after the Eurogroup meeting. I don’t know when,” a senior lawmaker from Cyprus told Reuters.