Sunday 23 October 2016

Cyprus votes in conservative new president

Published 25/02/2013 | 04:00

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.

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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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