Finance ministers to discuss revisions to Cyprus bail-out deal Eurogroup to hold video conference call to iron out any amendments before the deal is put to a vote in the Cypriot parliament.

The eurozone’s finance ministers are to hold a video conference call this evening to discuss the situation in Cyprus following Saturday’s bail-out deal.

It comes as Cypriot authorities work to revise the agreement to impose a levy on Cyprus’s bank depositors as part of a €10 billion eurozone-International Monetary Fund rescue package.

The Eurogroup – the gathering of the eurozone’s 17 finance ministers who arranged the deal in the early hours of Saturday morning – want to discuss any revision before it is put to a vote in the Cypriot parliament.

The parliamentary debate, originally scheduled for Sunday, has been postponed until Tuesday at 5pm CET.

The Eurogroup has not officially announced this evening’s conference call. It is scheduled for 7.30pm but could start later depending on negotiations in Cyprus. Olli Rehn, the European commissioner for economic and monetary affairs and the euro, has cancelled a scheduled visit to Hungary to deal with the situation and is expected to take part in the conference call.

Cypriot authorities are examining whether they can change the terms of the levy to make it easier for people with smaller deposits. Under the original arrangement the government would claim 9.9% on deposits of more than €100,000 in Cypriot banks and 6.7% on deposits below that. It would accrue €5.8bn.

Many Russians have accounts in Cyprus and would be affected. Earlier today Dmitry Medvedev, the prime minister of Russia, told the BBC: “This simply looks like confiscating money that doesn’t belong to you”.