Cyprus is trying to reach an agreement with the EU for a 10 billion euro bailout . `` The reports we get from several major Cyprus hotels with a good international reputation is that business is conducted as usual , '' he said . A proposal for a one-off levy on bank deposits resulted in a run on ATM machines . The European Central Bank has been forced into emergency measures after it was unable to prevent panic buying of Greek bonds by investors desperate to get their money out before they were seized and sold off at huge discounts. Nonetheless , visitors are being advised to travel with more cash than normal .
Cyprus is trying to reach an agreement with the EU for a 10 billion euro bailout . A proposal for a one-off levy on bank deposits resulted in a run on ATM machines . The European Central Bank has been forced into emergency measures after it was unable to prevent panic buying of Greek bonds by investors desperate to get their money out before they were seized and sold off at huge discounts. Nonetheless , visitors are being advised to travel with more cash than normal .