Do you mean Cyprus? I agree that due to their 2012-2013 financial crisis [0], I also assume that Cypriots would be wary of this.
[0] http://www.lse.ac.uk/fmg/dp/specialPapers/PDF/SP232-Final.pd...
[0] http://www.lse.ac.uk/fmg/dp/specialPapers/PDF/SP232-Final.pd...