{"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":"
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\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

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