Greek vote pulls Cyprus from precipice – for now

NICOSIA (Reuters) – Greece’s election has pulled its smaller neighbour Cyprus back from the precipice – for now – but Nicosia still has urgent work to do to rescue its banking sector if it is to avoid becoming the next casualty of the euro zone crisis. The relief of Cyprus officials was palpable on Sunday night as results came in from Athens showing conservative Antonis Samaras had won Sunday’s vote promising to stick to a European bailout, although the government did not immediately comment. …
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