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By David Keene
Conference showed that the values Reagan cherished still endure
Topic - Nicos Anastasiades
Europeans have so many nations in financial trouble that they came up with an acronym, PIIGS, to keep track of the worst: Portugal, Ireland, Italy, Greece and Spain. Now a sixth nation, Cyprus, is about to join this less-than-illustrious group.
Conservative candidate Nicos Anastasiades won Cyprus' presidential runoff election Sunday by one of the widest margins in 30 years and will quickly have to face the formidable task of preventing the country from suffering a financial meltdown.
he noted that “We would either choose the catastrophic scenario of disorderly bankruptcy or the scenario of a painful but controlled management of the crisis.” The danger here, of course, is that if all citizens are summarily required to forfeit 10 percent of their hard-earned
Sunday's vote was "a clear and strong mandate for change and reforms to lift our country out of the vicious circle of crisis," Anastasiades spokesman Tasos Mitsopoulos said after exit polls showed he would be a clear winner.