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Cyprus Runoff May Determine Its Economic Fate

Catherine Cheney Friday, Feb. 22, 2013

On Sunday, Cyprus will hold runoff presidential elections between conservative candidate Nicos Anastasiades and the left-leaning Stavros Malas. The election will likely determine whether Cyprus, one of the eurozone’s economic trouble spots, will accept a bailout from the European Union in exchange for economic reforms or risk a bankruptcy that will aggravate the eurozone crisis.

Anastasiades, the conservative, pro-bailout candidate, is favored to win. Demetris Christofias, the current president, has resisted meeting the tough terms of the bailout. ...

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