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”.