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Cypriots still face economic difficulties in worst crisis since 1974

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Reuters/Yorgos Karahalis

In the wake of a eurozone bailout that imposes strict capital controls, the people of Cyprus face shortages of food and medicine in the coming weeks and businesses are still struggling with a lack of cash. Fiona Mullan, an economist from the island of Cyprus, says this is the most serious crisis since the island’s invasion by Turkey in 1974.