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President of Cyprus admits the bailout deal is 'painful'

The president of Cyprus says he took 'painful decisions to save the country from bankruptcy' afte...
Newstalk
Newstalk

21.40 25 Mar 2013


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President of Cyprus admits the...

President of Cyprus admits the bailout deal is 'painful'

Newstalk
Newstalk

21.40 25 Mar 2013


Share this article


The president of Cyprus says he took 'painful decisions to save the country from bankruptcy' after having come a 'breath away' from collapse.

President Nicos Anastasiades admitted the eurozone bailout deal he struck in Brussels was painful but pledged that Cyprus "would find its feet again".

A 10-billion-euro bailout was provided to the Island by the EU averting a chaotic eurozone exit.

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A partial reopening of the banks begins tomorrow after a ten day shutdown.


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