Cyprus's president is meeting party leaders to secure their support for a revised plan to raise 5.8 billion euros that international creditors have demanded in exchange for a larger rescue package that would prevent the country's bankruptcy.

Nicos Anastasiades and the Cypriot authorities are rushing to come up with a new plan after politicians soundly defeated an earlier proposal to seize up to 10% of all domestic deposits to finance the rescue.

With the economy potentially days from ruin, banks have stayed shut to prevent a run.

Cypriot government officials said the new plan includes a smaller deposit grab to ease the pain on small savers, restructuring the country's troubled banks and raising money from domestic sources including pension funds and subsidiaries of foreign banks active in Cyprus.

The European Central Bank said later that it will keep emergency aid for Cyprus's troubled banks in place at least until Monday, but will have to cut it off after that unless an international rescue programme is agreed.

The ECB is keeping the Cypriot banks alive by allowing them to draw on emergency support from the local central bank.

The ECB said its governing council decided to maintain the current level of so-called emergency liquidity assistance until Monday, but after that, such assistance can only be considered if an EU-IMF programme is in place that would ensure the banks' solvency.