Cyprus controls expected to hit foreign transactions

Cyprus is expected to stop people taking their money out of the country but will not restrict dealings at home as it tries to avert a run on its banks after agreeing a tough rescue package with international lenders.
Cypriots have taken to the streets of Nicosia in their thousands to protest against a bailout deal that will push their country into an economic slump and cost many their jobs.

 

European leaders said the deal averted a chaotic national bankruptcy that might have forced Cyprus out of the euro.

Read more: http://www.reuters.com/article/2013/03/27/us-cyprus-parliament-idUSBRE92G03I20130327