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20 March 2013 Last updated at 16:59 ET

Cyprus 'to present new bailout plan'People receive money from an ATM machines outside a closed branch of the Bank of Cyprus in capital Nicosia

The president of Cyprus will on Thursday present political leaders with a "Plan B" for funding the country's controversial bailout, state TV says.

Christine Lagarde in Brussels. 16 March 2013IMF head Lagarde's flat searched

French police search the Paris apartment of IMF chief Christine Lagarde, in an inquiry into alleged abuse of her authority when finance minister.

Laura Boldrini (c) President of the Italian parliamentItalian president in coalition push

Italian President Giorgio Napolitano holds talks with political leaders to try to form a new government after February's election stalemate

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Gavin Hewitt, Europe editor Article written by Gavin Hewitt Gavin Hewitt Europe editor

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