X Close

Archives

Cyprus president says committed to stability, swift bailout

MYT 11:55:00 PM

NICOSIA (Reuters) - Cyprus's new President Nicos Anastasiades vowed on Thursday to work for a swift conclusion of a bailout on the cash-starved island threatened with a financial meltdown which could reignite the euro zone debt crisis.

"We are seeking the solidarity of our (EU) partners, and within that framework we will negotiate for the conclusion of a loan agreement the soonest possible," Anastasiades said in his investiture speech to Cyprus's parliament.

Newly elected President of Cyprus Nicos Anastasiades waves to supporters during a proclamation ceremony at Eleftheria stadium in Nicosia February 24, 2013. REUTERS/Yorgos Karahalis
Newly elected President of Cyprus Nicos Anastasiades waves to supporters during a proclamation ceremony at Eleftheria stadium in Nicosia February 24, 2013. REUTERS/Yorgos Karahalis

Conservative Anastasiades, 66, swept to victory in a presidential runoff on February 24, armed with a strong mandate to conclude on desperately-needed aid from the European Union and the International Monetary Fund.

(Reporting By Michele Kambas; Editing by Toby Chopra)

advertisement

  1. Malaysian passport 9th best in the world
  2. Japanese oil tanker robbed, three crew believed kidnapped in dramatic dawn raid
  3. KL set to be in 'security lockdown'
  4. Wanted: A rational water plan
  5. 'Godfather' believed to have killed 13-year-old boy
  6. Every kind of success in life depends on our virtues as a person
  7. Brave boy comforts family
  8. College staff turn to loan sharks after salaries unpaid for four months
  9. David Moyes parts ways with Manchester United, Ryan Giggs temporarily takes charge
  10. Selangor MB Khalid: Can't stop water rationing yet, but will review next week

advertisement

advertisement