European Central Bank to Cyprus: Now or never

Cypriots and foreigners wait in line to withdraw money from an ATM of a Laiki bank branch in the center of the capital, Nicosia, on March 21, 2013.

Cyprus has until Monday to come up with a new bailout package after the parliament rejected the initial plan that called for a controversial tax on the country’s bank deposits. The European Central Bank says it will cut off emergency lending to the country's banks if there is no deal by then.

The BBC's Andrew Walker in Brussels joins Marketplace Morning Report host Jeremy Hobson to discuss what’s next for the troubled island country.

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