Cyprus Government Proposes 'Solidarity Fund' To Parliament

Cyprus Proposes A 'Solidarity Fund'
Cypriot empoyees of the Laiki (Popular) Bank take part in a protest outside the Parliament on March 21, 2013 in Nicosia. The Cyprus cabinet was meeting in crisis session today to approve a 'Plan B' bailout deal with the EU and IMF, as crowds gathered outside parliament expecting the measure to be put to a vote. AFP PHOTO PATRICK BAZ (Photo credit should read PATRICK BAZ/AFP/Getty Images)
Cypriot empoyees of the Laiki (Popular) Bank take part in a protest outside the Parliament on March 21, 2013 in Nicosia. The Cyprus cabinet was meeting in crisis session today to approve a 'Plan B' bailout deal with the EU and IMF, as crowds gathered outside parliament expecting the measure to be put to a vote. AFP PHOTO PATRICK BAZ (Photo credit should read PATRICK BAZ/AFP/Getty Images)

NICOSIA, March 21 (Reuters) - The Cypriot government proposed to parliament on Thursday the creation of a "Solidarity Fund" based on revenues from hydrocarbon exploitation, bonds and other assets to help it raise billions of euros to clinch an EU bailout.

The bill, seen by Reuters, did not specify how much the state hopes to gain from the fund. Parliament was due to debate a number of bills on Thursday evening, including one that would impose capital controls on banks.

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