Cyprus' president has proposed a package of reforms increasing the accountability of politicians and curbing their immunity to prosecution.

Nicos Anastasiades says presidential terms will be limited to two consecutive 5-year periods. However, a former president can again seek re-election after a hiatus of at least one term. There is currently no limit to the terms a president can serve.

He says ministers and top civil servants will face tougher standards, with new criminal and civil liabilities to be enshrined in law. Members of parliament will lose immunity from prosecution for all types of offences. More government officials will have to declare their financial assets.

Anastasiades outlined the reforms Monday to restore public trust in Cyprus' political elite amid the worst financial crisis the country has faced in decades.