Nested interval theorem. Suppose we have two sequences $$a,b : \mathbb{N} \rightarrow \mathbb{R}$$ such that $a \leq b$ and $|b-a| \rightarrow 0$.
Then the intersection $$\bigcap_{i \in \mathbb{N}}[a,b]$$
has exactly one element.
Wikipedia regards this as a version of completeness.
Suppose we want to generalize to arbitrary metric spaces. The following definition seems appropriate.
Nested set property. Let $X$ denote a metric space. Then $X$ is said to have the nested set property iff for all sequences $A : \mathbb{N} \rightarrow \mathcal{P}(X)$, we have that if $A$ is order-reversing, and if each $A_i$ is closed and non-empty, and if the sequence $\operatorname{diam}(A)$ converges to $0$, then $$\bigcap_{i \in \mathbb{N}} A_i$$ has exactly one element.
Question. Is the nested set property equivalent to Cauchy completeness?