Reuters - Video

Edition: US | UK | IN | CN | JP

video Video

Bernanke steps into the spotlight
Bernanke steps into the spotlight - 02:13
The official royal wedding guest list revealed
The official royal wedding guest list revealed - 01:23
Shuttle astronauts arrive at Cape Canaveral
Shuttle astronauts arrive at Cape Canaveral - 01:18
Waiting for Bernanke
Waiting for Bernanke - 01:51
Hospital staff flee border fighting
Hospital staff flee border fighting - 01:10
Thousands at Sai Baba funeral
Thousands at Sai Baba funeral - 01:03
Al Qaeda releases hostage messages
Al Qaeda releases hostage messages - 01:43
Obama calls birth controversy \
Obama calls birth controversy "distracting" - 05:29
Three blasts hit Kirkuk
Three blasts hit Kirkuk - 01:25
Protests intensify in Yemen
Protests intensify in Yemen - 01:24
Border clashes displace thousands
Border clashes displace thousands - 01:50
S&P Credit Rating Warning Helpful - Lister
S&P Credit Rating Warning Helpful - Lister - 00:53

Cypriot president hails bailout deal

Monday, March 25, 2013 - 01:21

March 25 - Cypriot President Nicos Anastasiades says an EU deal was the best possible the country could achieve and saved it from bankruptcy. Deborah Lutterbeck reports.

▲ Hide Transcript

▶ View Transcript

Cypriot President Nicos Anastasiades comes home after securing a bailout deal in Brussels. In an address to the nation he said the agreement that was reached was painful, but it was the best possible deal the country could get. He said Cyprus is introducing "temporary" restrictions on capital flows when banks reopen this week. The step follows a last-ditch deal with international lenders on a 10-billion euro rescue plan to avoid economic meltdown. Cyprus agreed to close down its second-largest bank and inflict heavy losses on big depositors. (SOUNDBITE) (English) VALENTINA STAVROU SAYING: "I hope the whole situation is going to be right and will be in the right way and everything will be fine." Without an agreement, Cyprus had faced certain banking collapse on Monday and potential exit from the European single currency. It still risks a run on banks when they reopen their doors this week

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

Cypriot president hails bailout deal

Monday, March 25, 2013 - 01:21