Thursday, February 28, 2013
Cyprus president says committed to stability, swift bailout
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.
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)