Cyprus to remain in EU, says President

Author : Mircea Birca | Friday, March 29, 2013
Posted in category Balkan News, Balkans, Eurasia, Eurasia News
Comments Off on Cyprus to remain in EU, says President

Cypriot President Nicos Anastasiades says Cyprus has no intention to leave the European Union. The clarification came on Friday in the wake of a tough bailout deal secured with the European Union.

Cypriot banks re-opened on Thursday after an almost two week long shutdown to prevent a run on deposits by panicked Cypriots and wealthy foreign depositors. Anastasiades said the risk of bankruptcy had been averted, and assured Cypriots that the situation had been “contained”.

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