Cyprus Won’t Leave the Euro

    Cypriot President Nicos Anastasiades, center, speaks with the media after an emergency eurogroup meeting in Brussels on Monday, March 25, 2013. After failing for a week to find a solution at home to a crisis that could force it into bankruptcy, Cypriot politicians were turning to the European Union on Sunday in a last-ditch effort to help the island nation forge a viable plan to secure an international bailout. (AP Photo/Geert Vanden Wijngaert)

    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.

    Read it at BBC News