Their country’s future as a eurozone member hanging in the balance, Cypriots voted on Sunday to elect a new president, with the pro-bailout conservative leader, Nicos Anastasiades, securing the biggest backing with 45.4% of the vote. Anastasiades is set to face a runoff next week after failing to gain enough support for an outright win. However, he is seen as the overwhelming favourite in that contest, against the communist-backed independent, Stavros Malas, who took 26.9% of the vote. The vote for Anastasiades and his DISY party is an endorsement of the pro-bailout policies advocated by a man who will face the arduous task of finalising a €17bn (£14.6bn) rescue package with the European Union and the International Monetary Fund to keep the country’s economy afloat. Last year Cyprus became the fifth eurozone state to ask for a bailout.Full Article: Cyprus elections: pro-bailout candidate takes 45.4% of vote | World news | The Guardian.
Feb 25 2013