Cyprus Runoff May Determine Its Economic Fate

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. The European Union, meanwhile, has not hidden its hopes for an Anastasiades victory. James Ker-Lindsay, a senior research fellow who studies the […]

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