NICOSIA  - Cyprus's parliament adopted laws on Friday creating a "solidarity fund" to pool state assets as the basis for an emergency bond issue and giving the government the power to impose capital controls on banks.

The steps were part of a package of measures to satisfy international lenders as the island races to clinch a 10 billion euro ($13.00 billion) bailout from the European Union and avert bankruptcy. MPs are now debating a bill to restructure the banking sector amid reports that President Anastasiades has asked political party leaders to accompany him to Brussels on Saturday. The eurogroup is reported to be due to meet again on Sunday to discuss Cyprus' bailout agreement.