Mike Avraamides
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Cyprus crisis: 'Our firm will be forced to close'

A broad outline of an agreement has been reached in Brussels on a bailout to prevent the collapse of the banking system in Cyprus.

Reports suggest the deal will include a levy on deposits of more than 100,000 euros in Cyprus's two biggest banks.

Over the past week, the two biggest banks in Cyprus have restricted cash withdrawals from cash-point machines to 100 euros per day, making it very difficult for businesses to operate.

Mike Avraamides runs a small family pizzeria in the capital Nicosia. He told the BBC how he has been affected by the crisis.

  • 25 Mar 2013
  • From the section Europe
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