The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A supporter of the newly elected President of Cyprus Nicos Anastasiades waves a Cypriot flag amongst Greek ones during a proclamation ceremony at Eleftheria stadium in Nicosia February 24, 2013. Cypriot conservative leader Nicos Anastasiades won an overwhelming victory in a presidential run-off election on Sunday, boosting hopes of a swift financial rescue for the near-bankrupt island nation.
A supporter of the newly elected President of Cyprus Nicos Anastasiades waves a Cypriot flag amongst Greek ones during a proclamation ceremony at Eleftheria stadium in Nicosia February 24, 2013. Cypriot conservative leader Nicos Anastasiades won an overwhelming victory in a presidential run-off election on Sunday, boosting hopes of a swift financial rescue for the near-bankrupt island nation.
(Yorgos Karahalis/Reuters)

BREAKINGVIEWS

Cyprus held up its end of the bargain. It’s the EU’s turn

VIKTORIA DENDRINOU

LONDON — Reuters Breakingviews

Published

Last updated

Reuters Breakingviews delivers agenda-setting financial insight. Its global correspondents react to stories as they develop, delivering sharp and provocative commentary on big financial news as it breaks.

Voters in Cyprus made a reasonable choice on Feb. 24 when they chose as their next president the conservative candidate – which was expected after the first round results – by giving him a resounding majority. In doing so, Cypriots expressed their strong support for an upcoming euro zone-led bailout and tacitly accepted some reform-induced pain. Europe should welcome their choice by speeding up negotiations to seal the small island’s aid deal.