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Warning from European Central Bank as Cyprus politicians ditch levy on bank deposits as part of "Plan B" solution.
Emergency aid for banks to be cut off on Monday, unless rescue programme is drawn up, European Central Banks says.
Banks to remain shut for five more days as ministers continue talks to hammer out alternative plan to avoid bankruptcy.
Politicians work on new plan to stave off bankruptcy as island's cash-strapped banks remain closed.
Nicos Anastasiades says levy on bank deposits to save country’s economy is "less painful than the alternative".
Savers react with shock after government agrees to levy on deposits in return for $13bn eurozone rescue package.
Russia offers $3.5 bn low-interest loan to Cyprus to help the country avoid defaulting on its debts.
Dervis Eroglu pledges to continue unification talks with south following poll victory.
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