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