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Cypriots vote as bailout clock ticks

Sunday, February 24, 2013

WN.com - World News
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Cypriots vote as bailout clock ticks
Feb 24th 2013, 12:33

Nicosia - Cypriots voted on Sunday in a runoff to elect a president who must clinch a bailout deal before the island nation plunges into a financial meltdown that would revive the euro zone debt crisis. Conservative leader Nicos Anastasiades, who favours hammering out a quick deal with foreign lenders, is tipped to win against Communist-backed rival Stavros Malas, who is more wary of the austerity terms accompanying any rescue. Financial markets are hoping for an Anastasiades victory to speed up a joint rescue by the European Union and International Monetary Fund before the island runs out of cash and derails fragile confidence returning to the euro zone. The 66-year-old lawyer took more...

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