Conservative candidate favored to win crisis-hit Cyprus' presidential election runoff
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Cypriots are choosing a new president with the conservative candidate favored to win over his left-wing rival in a runoff vote.
Opposition party leader Nicos Anastasiades garnered 45.46 percent of the vote in the first round of voting, some 18 points over communist-backed Stavros Malas. The candidate that gets most of the cast votes Sunday will win the race.
The new president will have to finalize a financial rescue package with the other 16 countries that use the euro and the IMF to keep the country solvent as the economy shrinks and state coffers soon run dry.
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He will face a tough battle convincing reluctant countries, especially Germany, that tiny Cyprus deserves help after its banks lost billions of euros on bad Greek debt.