Cypriot President Nicos Anastasiades vowed to keep his country in the euro as Cypriots adapted to a second day of restrictions on their use of the common currency to prevent a financial collapse.
The government averted panic withdrawals yesterday when it allowed banks to open for the first time in almost two weeks. The curbs on access to cash are designed to prevent a run on deposits after Anastasiades forged an agreement with the euro area on a financial rescue that is being funded in part by those with deposits of more than 100,000 euros in the nation's two largest banks.
"We're not about to leave the euro," Anastasiades said in a speech in Nicosia, the capital, today. "The dramatic developments in our country must find us united, so that we can successfully implement the Eurogroup accord, remain safely in the euro and continue on the road of the major changes we have begun."
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