Cyprus votes for new president
Nicosia - QNA
People in the Republic of Cyprus have begun voting for a new president. The election has been dominated by the global financial crisis. In June, Cyprus became the fifth member of the eurozone to request a bailout. Shut out of the international financial markets, the cash-strapped government was forced to seek financial help after Cypriot banks suffered huge losses as a result of the restructuring of Greece’s sovereign debt. More than 545,000 people are eligible to vote in Cyprus. Another 14,000 Cypriots can vote at embassies abroad. According to the (BBC), voting is scheduled to end at 16:00 GMT and the final result is expected to be announced at around 18:30 GMT.
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