Cyprus Won’t Leave the Euro

Geert Vanden Wijngaert/AP

American pundits may be declaring it common sense, but Cypriot president Nicos Anastasiades says his country—the tiny Mediterranean island at the center of the latest euro panic—wouldn’t dream of abandoning the common European currency. “In no way will we experiment with the future of our country,” Anastasiades said Friday, arguing that the situation is “contained” after a €10 billion, or about $13 billion, bailout was agreed upon last week. Banks in Cyprus reopened calmly on Thursday after nearly two weeks of turmoil, under strict new rules imposed by the bailout. Anastasiades may heart the euro, but he did accuse other European leaders of provoking the crisis with “unprecedented demands” on Cyprus.