Cyprus has categorically denied that it wants to renegotiate the terms of a bailout deal agreed with international lenders in March.

Cyprus president Nicos Anastasiades on Thursday dismissed foreign media reports that he demanded a renegotiation of the bailout agreement, echoing an earlier statement by the government spokesman who said that "the Cyprus government is fully committed to applying the terms of the memorandum and has already embarked on the road".

Their remarks came in response to a report in the Financial Times to the effect that eurozone officials were opposed to any renegotiation of the 10-billion-euro bailout deal reportedly demanded by Anastasiades in a letter addressed to European Union and member states officials.

Anastasiades denied making such a request, saying that the issues raised in his letter were completely different from those outlined in foreign media reports.

"These are their scenarios and their own answers," he said.

In his June 11 letter, Anastasiades made a scathing attack on European leaders for imposing unprecedented harsh terms on Cyprus in return for the bailout and asked for a quick termination of the abnormal situation of the island's banking system.

Measures imposed on the eastern Mediterranean island included the winding down of the island's second biggest bank, Cyprus Popular Bank (Laiki), and a fundamental restructuring of Bank of Cyprus which involved a haircut on uninsured deposits over 100,000 euros that may ultimately reach 60 percent and Laiki's folding into it, along with its huge liabilities.

Anastasiades had asked his European counterparts to urgently consent to the lifting of controls on bank transactions imposed after the restructuring of the banking system and also suggested alternative ways of helping Bank of Cyprus to get out of its resolution status.

He suggested a reversal of the Eurogroup decision in relation to the merger of Cyprus Popular Bank into Bank of Cyprus or converting part of its emergency liquidity liability amounting to 9.2 billion euros into long term bonds and the transfer of these bonds and corresponding assets into a separate vehicle.

European finance ministers meeting in Brussels Thursday are expected to consider the Cypriot president's requests.