independent

Sunday 20 April 2014

Cyprus votes in conservative new president

CONSERVATIVE candidate Nicos Anastasiades has won Cyprus's presidency by one of the widest margins in 30 years, and now faces the formidable task of preventing a Cypriot financial meltdown.

Mr Anastasiades (66) won the runoff election with 57.48pc of the vote, far ahead of left-wing rival Stavros Malas, who took 42.51pc.

The election comes as Cyprus is negotiating a rescue package with the eurozone's other 16 countries and the IMF.

The wide margin of Mr Anastasiades's victory indicates Cypriots are prepared, to a degree, to stomach what could be painful austerity measures to reform the economy.

Irish Independent

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