Cyprus Has 'No Intention Of Leaving The Euro,' President Says

Cyprus Has 'No Intention Of Leaving The Euro': President
A euro coin is photographed in Nauen, Germany, Monday, March 18, 2013. A plan to seize up to 10 percent of people's savings in the small mediterranean island country of Cyprus unsettled markets Monday and raised questions about whether households trust in banks would be permanently shaken. A weekend agreement between Cyprus and its European partners called for the government to raid bank accounts as part of a euro 15.8 billion (US$ 20.4 billion) financial bailout, the first time in the eurozone's crisis that the prospect of seizing individuals' savings has been raised. (AP Photo/Ferdinand Ostrop)
A euro coin is photographed in Nauen, Germany, Monday, March 18, 2013. A plan to seize up to 10 percent of people's savings in the small mediterranean island country of Cyprus unsettled markets Monday and raised questions about whether households trust in banks would be permanently shaken. A weekend agreement between Cyprus and its European partners called for the government to raid bank accounts as part of a euro 15.8 billion (US$ 20.4 billion) financial bailout, the first time in the eurozone's crisis that the prospect of seizing individuals' savings has been raised. (AP Photo/Ferdinand Ostrop)

NICOSIA, March 29 (Reuters) - Cyprus has no intention of leaving the European single currency, the island's president said on Friday, assuring Cypriots that the situation was "contained" in the wake of a tough bailout deal with the European Union.

"We have no intention of leaving the euro," President Nicos Anastasiades told a conference in Nicosia. "In no way will we experiment with the future of our country," he said.

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