Cyprus Bailout: Cash Flown Out To British Troops

A plane has left Britain for Cyprus with one million euros onboard to ensure soldiers have access to cash.

Soldiers stationed on the island and their families would be able to borrow the money if cash machines and debit cards stop working, the Ministry of Defence said.

Banks in Cyprus have been closed since before the weekend and will not reopen until Thursday in order to prevent a run on the banks as the government discusses taxing all savers in order to secure an EU bailout.

Meanwhile, just before the Cypriot parliament  was due to vote on the bailout and the levy on personal savings, Cyprus' finance minister reportedly offered his resignation.

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