NICOSIA - Central Bank of Cyprus Deputy Governor Spyros Stavrinakis appeared optimistic that Cyprus could exit from the financial crisis facing the economy.

Stavrinakis, along with CBC Governor Panicos Demetriades participated in a meeting with the Political Parties convened under the President of the Republic Nicos Anastasiades in a bid to explore a plan B, following yesterday’s rejection of the bill introducing losses on Cyprus banking depositors, estimated to yield €5.8 billion as part of the Cypriot bailout by the European Stability Mechanism.

These discussions are taking place"to find ways out of the crisis," he said in statements to the press.

Stavrinakis said that no alternative plan has been submitted to the Troika of the European Commission, the European Central Bank and the International Monetary Fund.

He also said that the Cypriot banks will not face liquidity problems.

Replying to a question whether the government will submit to a bill for the resolution of the banks under financial distress, Stavrinakis said this possibility is not certain as various plans are being examined.

He also noted that there is no decision on whether the banks will open tomorrow. Cypriot banks remained closed yesterday and today, in a bid to avert a bankrun following the uncertainty created by the Eurogroup decision to impose a tax levy on Cypriot banking deposits.

Replying to a question as to whether the European Central Bank will continue to support the Cypriot banking system, Stavrinakis referred to the ECB press release yesterday that it will continue to provide liquidity to the Cypriot banks within the ECB rules.