Cyprus banks reopen amid public calm

03/28/2013 | Bloomberg

Banks in Cyprus reopened Thursday, and no panic was in evidence as customers stood patiently in line to withdraw the limited amount of cash the government allowed. The restrictions are to remain in place for seven days. The government pronounced itself pleased with the calm that prevailed, but, as one taxi driver said, "This is only the start. Once the austerity measures are implemented, people will lose their jobs."

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