Later today, the government of Cyprus will vote on a controversial bailout plan which would tax bank deposits up to 10 percent. The BBC's Nigel Cassidy in Cyprus discusses public reaction to the plan and whether the government will actually pass the measure.

One retired Cyprus resident shares his dismay over news that the Cypriot government could take a percentage of regular deposits in the bank.

Cyprus and European regulators announced over the weekend a new plan to tax the country's savings accounts to solve the country's debt crisis. Everyone with a savings account would pay some tax, but those with extra large savings accounts (over $130,000 in the bank) would get hit with a super-sized tax bill. Find out what you would pay, if you had a bank account in Cyprus, with our simple calculator.

Financial markets in Asia and Europe fell sharply today thanks to the unusual terms of the EU bailout of Cyprus. A tax of up to 10 percent on bank deposits in Cyprus was proposed to defray some of the cost of the bailout.