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Cyprus president faces "very difficult task" to save economy
March 24, 2013 / 10:13 AM / in 5 years

Cyprus president faces "very difficult task" to save economy

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.

Cyprus' President Nicos Anastasiades arrives for a meeting with party leaders at the presidential palace in Nicosia March 21, 2013. REUTERS/Andreas Manolis

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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