Ad
No sign of panic at the Bank of Cyprus (Photo: Petros3)

Cypriot banks re-open without panic

Cyprus' banks opened without panic on Thursday (March 28) after a 10 day lockout as the government struggled to agree a €10 billion rescue package.

With no reports of disruption and with small, orderly queues reported across the island, President Nicos Anastasiades tweeted his gratitude praising Cypriots for "their maturity and collectedness" in responding to the crisis.

Anastasiades, who was elected President earlier in March, also agreed to an immediate 25 percent cut to his nea...

To read this story, log in or subscribe

Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.

Already a member? Login

Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

No sign of panic at the Bank of Cyprus (Photo: Petros3)

Tags

Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Ad

Related articles

Ad
Ad