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situation report

Mar 29, 2013 | 09:36 GMT

Cyprus: Nicosia Will Not Leave Euro, President Says

Cyprus has no intention of abandoning the euro, Cypriot President Nicos Anastasiades said March 29, the BBC reported. Anastasiades said other members of the eurozone were making unprecedented demands that forced Cyprus to become an experiment, but he added that the risk of bankruptcy has been averted. Cyprus' crisis underlines questions about the European Union's legitimacy.

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