Cyprus OKs Bailout Fund, Still $4B Short

Facing a Monday deadline, lawmakers in Cyprus approved two crisis maneuvers to quell its banking crisis and renew confidence across the eurozone, the BBC reports. The moves: passing a "national solidarity fund," and approving capital controls to protect the island's banks from a catastrophic run. This should raise about $5.8 billion of the $10 billion needed to qualify for a bailout. But parliament still hasn't decided whether to place a levy on big bank deposits. If MPs find no solution by Monday, the European Central Bank warns it will no longer transfer money to the nation's struggling banks.