Q&A: So just how safe is our money now?
Q So, disaster averted as Cyprus secured a bailout?
A: Yes, at last. After a tumultuous week for the Cypriot people and government (and indeed the eurozone) agreement was reached at the 11th hour in Brussels to grant a €10bn rescue package.
Under the deal the Cypriot banking sector will be significantly restructured, with the second largest bank wound down and deposits under €100,000 transferred to another bank.