10.08pm GMT

What. A. Day.

Here's a brief closing summary of the main events in Cyprus today (check out tonight's news story for a more polished read).

• Cyprus's banks have been shut until Thursday as the confusion created by its controversial bailout swirled. The move is meant to avoid a run on the country's bank accounts until the bailout deal, and its controversial levy on bank accounts, has been approved. See 3.25pm for details

• The Cyprus parliament is due to vote on the deal on Tuesday afternoon. The vote was scheduled for today, but was cancelled after it became clear that the government could not win.

The vote will be closely watched -- as the eurozone crisis could erupt if MPs reject the deal.

• The terms of the savings levy are being reworked, after widespread public anger and concern that the decision to tax savers undermined support in the Eurozone banking sector.

Late tonight the Eurogroup announced that Cyprus would change the terms to make them more progressive. (the statement is here) (reaction here)

There are reports tonight that savers with less than €20,000 in the bank could be spared.

• Protesters voiced their unhappiness over the bailout terms outside the Cyprus parliament. Hundreds marched carrying banners attacking the government, Germany, and the banking sector. We have a report from the scene, and also photos of the demo.

• Russia is also concerned - with president Vladimir Putin blasting the savings raid as unfair, unprofessional and dangerous (see here)

• World stock markets fell, but became less concerned about Cyprus as the day went on. There were heavy losses in Asia, but smaller falls in Europe (closing prices) and on Wall Street (where the Dow fell by 60 points)

• In the UK, MPs lined up to criticise the bailout plan. The government confirmed it will compensate armed forces who are hit by the savings tax, and is suspending pension payments to pensioners with Cypriot bank accounts until the situation is clearer (see here onwards)

Thanks for reading, and commenting. I'll be back tomorrow (or later today, if you're reading in Cyprus!).

Goodnight!