{"id":1182,"date":"2013-03-30T00:49:46","date_gmt":"2013-03-30T00:49:46","guid":{"rendered":"http:\/\/disnaija.com\/nigeria-news\/cyprus-eurozone\/"},"modified":"2013-03-30T00:49:46","modified_gmt":"2013-03-30T00:49:46","slug":"cyprus-eurozone","status":"publish","type":"post","link":"https:\/\/disnaija.com\/cyprus-eurozone\/","title":{"rendered":"Cyprus Eurozone"},"content":{"rendered":"
\u00a0<\/strong>President Nicos Anastasiades\u00a0 of Cyprus said his Country has no intention of leaving the European Single Currency.<\/p>\n He said the strongest\u00a0 financial situation in Cyprus has been “contained” following the 10bn Euro bailout deal with the EU and IMF.<\/p>\n Banks opened on Thursday for the first time in nearly two Weeks amid severe new rules imposed as part of the bailout deal.<\/p>\n Queues formed of people trying to access their money, but the mood was generally calm.<\/p>\n Cyprus is the first Eurozone Member Country to bring in capital controls as part of the conditions of the bailout, and to prevent a run on bank deposits.<\/p>\n Foreign Minister Ioannis Kasoulides has said such controls – which include restrictions on cash withdrawals, money transfers and the movement of cash in and out of Cyprus – could remain in place for a Month.<\/p>\n Speaking on Friday, President Anastasiades accused other members of the Eurozone of making “unprecedented demands that forced Cyprus to become an experiment”.<\/p>\n ——————————————————————————————————————————————- Source: A.I.T.<\/p>\n DisNaija.Com<\/b> publishes regular posts on Nigeria News,<\/a> Nigerian Newspapers,<\/a> Online Nigeria Gist.<\/a><\/p>\n Follow us on Twitter<\/a> and Facebook<\/a>.<\/p>\n
Posted in Nigeria News. <\/a>A DisNaija.Com<\/a> network.<\/p>\n