Cyprus bailout: Banks to stay closed until Thursday
Found on BBC News on Monday, 25 March 2013
The central bank now says all will remain closed to ensure the whole banking system functions "smoothly".
The Cypriot government suggested that account holders with deposits of more than 100,000 euros should expect to lose about 30% of their balances.
Despite the Cypriot economy's relatively small size, many analysts had been concerned that the crisis would spread to the wider eurozone, had Cyprus been forced to give up the single currency.
No matter how small, every little nation seems to be dangerous for the entire EU when it comes to finances. It doesn't really sound very promising if every local problem affects all the other nations, even if they did nothing wrong. I doubt that the EU can continue like this.