Cyprus's Parliament will vote on a bailout imposed by the EU, with approval likely from a thin majority against calls for the island to exit the euro.
Cyprus's finance minister has resigned after concluding a €10-billion bailout deal with international lenders.
Cyprus' ministers have met to rework a plan to seize money from bank deposits before a parliamentary vote that might threaten the island's finances.
Cypriots have gone to the polls to elect a president who must negotiate a financial rescue to save the island country from its economic crisis.
Greek and Turkish Cypriots on Thursday pulled down barricades that have separated them for half a century, reopening Ledra Street, a potent symbol of Cyprus's ethnic partition. The highly symbolic gesture comes as the two communities prepare talks to end the Mediterranean island's division.
Greek Cypriots razed to the ground a symbol of Cyprus's decades-old division running through the heart of the capital Nicosia and challenged Turkey to respond by withdrawing its troops from the area. Demolition work on a concrete barrier in Nicosia's Ledra Street ceased by dawn on Friday, exposing a corridor of crumbling buildings untouched for decades.