Monday, August 8, 2011

Cypriot President Appoints New Government

Cypriot President Demetris Christofias has appointed a new government as the country struggles to recover from the economic impact of losing the power plant supplying most of its electricity. The new government's finance minister, economist Kikis Kazamias, has stated that Cyprus should not need a bailout from the European Union as Greece has. More here.

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