Sunday, 24 March 2013

Economy News Headlines - Yahoo! News: Cyprus president faces "very difficult task" to save economy

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.
Cyprus president faces "very difficult task" to save economy
Mar 24th 2013, 10:12

NICOSIA (Reuters) - Cypriot President Nicos Anastasiades, due in Brussels on Sunday to seek an 11th-hour reprieve from financial meltdown, has a very difficult task ahead of him if he is to save the island's economy, a government spokesman said. Anastasiades and his team, who are seeking a bailout from international lenders, have a "very difficult task to accomplish to save the Cypriot economy and avert a disorderly default if there is no final agreement on a loan accord," the spokesman said. (Reporting by Michele Kambas; Writing by Giles Elgood)

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