NEWS --Scramble for cash as banks re-open in Cyprus

HUGE queues formed in Cyprus yesterday as banks re-opened two weeks after the bail-out crisis bega

But strict controls meant customers were restricted to a daily withdrawal of £253 (300 euros). Travellers leaving the country can take only £845.

Many were angry at the EU rescue package – which requires Cyprus to raise £4.9billion in exchange for an £8.5billion bail-out. Large depositors face losing 40 per cent of their savings.

Large depositers face losing 40 per cent of savings

The country’s crippled banking system closed down on March 16 while the terms of the bail-out were agreed