Cyprus’s president has vehemently denied speculations the country plans to leave the eurozone in the wake of the unprecedented situation it was forced into. “We have no intention of leaving the euro,” President Nicos Anastasiades said at meeting of civil servants in Nicosia on Friday. “In no way will we experiment with the future of our country”. He was quoted by Sofia News Agency as saying the financial situation was “contained” following the 10bn euro bailout deal with the EU and IMF. Still Anastasiades accused other members of the eurozone of making “unprecedented demands that forced Cyprus to become an experiment”. “We have averted the risk of bankruptcy,” he said. “The situation, despite the tragedy of it all, is contained.” Banks in Cyprus reopened on Thursday after a two-week closure sparked by discussions on an EU-IMF bailout and amid tough capital curbs. Branches were replenished with cash overnight and police were deployed amid fears of large queues. They began to open at noon local time (10:00 GMT) and closed at 18:00 (16:00 GMT). Capital controls, imposed to prevent worried savers and businesses rushing to withdraw all their money, include limiting cash withdrawals to EUR 300 (USD 383) per day per person and limiting payments abroad to EUR 5,0 00.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor