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Image header Agence Europe
Europe Daily Bulletin No. 10817
ECONOMY - FINANCE / (ae) cyprus

No run on the banks

Brussels, 28/03/2013 (Agence Europe) - When the banks opened in Cyprus on Thursday 28 March, there was calm in the streets - the forecast run on the banks simply did not occur after almost two weeks of bank closure while the financial bailout of Cyprus was worked out.

The Cypriot president, Nicos Anastasiades, tweeted his thanks on Thursday to the inhabitants of Cyprus for their maturity and caution. The local media report that banks opened to the public amidst general calm. AFP even...