NICOSIA, March 29 Cyprus has no intention of
leaving the European single currency, the island's president
said on Friday, assuring Cypriots the situation was "contained"
in the wake of a tough bailout deal with the European Union.
Conservative leader Nicos Anastasiades spoke a day after
banks reopened their doors following an almost two-week shutdown
to prevent a run on deposits by panicked Cypriots and wealthy
foreign depositors as the east Mediterranean island flirted with
"We have no intention of leaving the euro," Anastasiades
told a conference of civil servants in the capital, Nicosia.
"In no way will we experiment with the future of our
Anastasiades, barely a month in the post, criticised
Cyprus's partners in the 17-nation currency bloc, accusing them
of making "unprecedented demands that forced Cyprus to become an
For the first time in Europe's handling of its debt crisis,
bank depositors have been forced to bear some of the cost of a
rescue plan intended to keep the country solvent and in the euro
"We have averted the risk of bankruptcy," Anastasiades said.
"The situation, despite the tragedy of it all, is contained."