Cyprus banks bailout

Banks have re-opened in Cyprus, allowing access to savings for the first time in almost two weeks. There’s little relief for cash-strapped citizens though, with severe restrictions imposed on how much money they can withdraw. The limits are set to prevent a bank run, making Cyprus the first Eurozone nation to introduce capital controls. For more on what’s going on RT talks to correspondent Tesa Arcilla who’s outside the bank in Nicosia.

Thanks RussiaToday for the video

Bank of Cyprus workers protest outside central bank

There have been protests outside the Cypriot central bank by Bank of Cyprus workers who are worried about the future of their jobs.

One protester told the BBC’s Tim Willcox that the actions of the head of the Cypriot bank, Panicos Demetriades, were “causing the closing of the Bank of Cyprus”.

Mr Demetriades has said that “superhuman” efforts are being made to open the country’s banks on Thursday.

Banks in the country have been shut for more than a week as a controversial bailout was negotiated, which will see depositors take losses.

Thanks NewsInWorldNow for the video

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