THE Cyprus government has postponed a planned emergency session of parliament on Sunday to debate a controversial EU bailout as the scale of opposition to its terms became clear.
President Nicos Anastasiades also put off until Monday a planned briefing of MPs and a promised address to the nation to defend what he acknowledged were "painful" sacrifices in return for a desperately needed 10-billion-euro ($A12.58 billion) bailout for the island's banks.
MPs will now convene at 4pm on Monday (0100 AEDT Tuesday) to debate ratification of the deal after a briefing by the conservative president, the state broadcaster said.
Ministers will now meet on Monday to thrash out the draft legislation to put before parliament, including an unprecedented levy of up to 9.9 per cent on all savings in the island's banks that has prompted a storm of public protest.
State television said the parliamentary debate was postponed to "ensure MPs were fully aware of the situation and were better informed."
The privately run Sigma TV said that Anastasiades was struggling to secure even a simple majority for the necessary legislation in parliament, in which his right wing DISY party holds just 20 of the 56 seats.
The communist AKEL party, which has 19 seats, had refused to sign an agreement on the terms on offer while it was in power before Anastasiades was elected president last month.
Even Anastasiades's partners in the ruling coalition have voiced strong misgivings. DIKO leader Marios Garoyian said he had spoken to the president about seeking "alternative choices" amid opposition from some of his centrist party's nine MPs.
The government needs to ratify the controversial savings levy before banks reopen, which is currently scheduled for Tuesday after a holiday weekend on the island.
But state television said there was a possibility that Tuesday too may now be declared a bank holiday as the legislative process falters.
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