CYPRUS FIRST PRESIDENTIAL ANNOUNCEMENT DURING THE FINANCIAL CRISIS EMPHASIZED REGRET FOR COMPLIANCE WITH THE PAINFULL EUROPEAN UNION FINANCE MEASURES.

CYPRUS FIRST PRESIDENTIAL ANNOUNCEMENT DURING THE FINANCIAL CRISIS EMPHASIZED REGRET FOR COMPLIANCE WITH THE PAINFULL EUROPEAN UNION FINANCE MEASURES.

      Cyprus first Presidential announcement during the financial crisis emphasized President Nicos Anastasiades regret for compliance with the painfull European Union finance measures that have been expected to ease, or remove Cyprus from the current financial crisis in the bank sector, despite the the Parliament's and the citizens rejection of the European Union finance measures. Banks may remain closed untill Thursday and banks transactions in domestic and foreign ATM deposits, or withdrawals will remain frozen for the extended period of time. Some sources have speculated on the extended closer of the banks in Cyprus as the means that will prevent abrupt, or rather drastic closer of foreign bank accounts and Investment businesses in Cyprus, before the flow of the allocated European Union cash money in to Cyprus bank sector. However, some countries, foreign investment businesses and personal accounts with higher stakes Investments in Cyprus bank sector, or millions to billions of dollars accounts in Cyprus banks have demanded the restructure of the thirty percent (30%) bank fees on saving accounts that exceeded the sum of a hundred thousand euros.

                                             Written by professor Godfrey Ohia.