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.
Eurozone and EU finance ministers will meet in Dublin to conclude a Cyprus bailout and consider extending debt repayments for Portugal and Ireland.
Cypriots have reacted to the news of their own salvation from economic meltdown with relief, but also trepidation and despair.
Cypriot businesses have been under increasing strain to keep running after financial authorities stretched the country's bank closure into week two.
Cyprus has been fine-tuning a Plan B to secure a bailout that the European Central Bank has warned should be adopted to avoid a banking meltdown.
The Cyprus savings levy has led to an objection from the Democratic Alliance about a clause in the Banks Amendment Bill.
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.
South African Airways received an emergency loan to cover fuel costs, preventing the grounding of its local and international flights, says a report.
The deal hammered out by eurozone ministers is by no means the end of the tragedy as Greece's future still looks dismal.
Government has tightened the purse strings and its tough stance on bailouts for parastatals seems to be bearing fruit.
Eurozone leaders have sealed a new bailout for Greece that will fix its immediate financing needs but is unlikely to revive its shattered economy.
Economist says the bailout money would have achieved more if it had simply been given to the public.
Moody's cut Ireland's credit rating to junk on Tuesday, warning that the debt-laden country would probably need a second bailout.
Swaziland has asked South Africa for an emergency bailout of R10-billion but the government say it would need to review the request first.
Ireland has agreed to minimise, merge or sell its banks as part of a European Union-International Monetary Fund bail out.
A bail-out by government seems the only solution, but what's to stop the SABC sliding into the deep red once again?
The European Investment Bank's statutes state that its outstanding loans portfolio cannot exceed 250% of its capital.
South Africa said on Monday that industry bailouts by rich nations, especially in the carmaker sector, could be a covert form of protectionism.
American International Group is close to a deal with the United States government that would ease the terms of its bailout.
If South Africa loans Zimbabwe R6-billion, we won't have an emergency fund for natural disasters, reports Maya Fisher-French.