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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)

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