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Cyprus protesters burn EU flag

Thursday, Mar 28, 2013 - 00:44

March 28 - Angry protesters in Cyprus tear up a European Union flag before setting it alight at a protest against bailout measures. Rough Cut (no reporter narration).

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(ROUGH CUT ONLY - NO REPORTER NARRATION) A rally organised by left wing political groups in Nicosia on Wednesday (March 27) turned into an angry and emotional attack on the Cypriot government for agreeing to terms of a 10 billion euro bailout with the troika - the EU, the ECB and the IMF. About 2,500 people, who began their protest outside EU offices, then moved onto the presidential palace to vent their anger at both President Nicos Anastasiades and the EU. The bailout led to the closure of the second largest bank, a levy on deposits over 100,000 euros and capital restrictions that will include caps of 300 euros a day on cash withdrawals, a ban on cheques and a limit of 5,000 euros ($6,400) per month on money used or transferred abroad. ($1 = 0.7824 euros). After chanting "I will pay nothing I owe nothing" one protester tore up an EU flag before another person set it on fire. Banks, which have been closed for more than a week, were due to reopen on Thursday (March 28) morning with the capital restrictions. The Central Bank said banks would open their doors at midday (1000GMT) after nearly two weeks of rationing Cypriots to ATM cash withdrawals. The European Central Bank delivered extra banknotes to Cypriot banks on Wednesday evening to meet demand. European leaders said the bailout deal averted a chaotic national bankruptcy that might have forced Cyprus out of the euro zone.

Cyprus protesters burn EU flag

Thursday, Mar 28, 2013 - 00:44

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